29 Mar 2023 13:36 CEST

Issuer

Kongsberg Automotive ASA

Zurich, March 29, 2023: Kongsberg Automotive (KA) has officially opened its
Brzesc Kujawski plant in Poland today. With this new production facility, KA
will continue to secure business in both passenger and commercial vehicle
segments and will strengthen the company's position in the market.

KA Brzesc Kujawski is dedicated to the manufacture and supply of Flow Control
Systems (FCS) products. The facility produces fuel distribution pipes and
suspension tubes, and, in the near future, battery coolant tube assemblies. The
plant is spread over 6,000 square meters is in Brzesc Kujawski, an area that KA
already has had a presence in since 2018. Centrally located in Poland, Brzesc
Kujawski is close to the Baltic port and other important transport hubs.

"KA Brzesc Kujawski is a part of the company's strategy to grow the FCS business
in Europe by 75 percent in the next five years," says President & CEO Joerg
Buchheim, adding, "The plant`s central location brings us closer to important
markets and customers and is a step towards supporting FCS competitiveness."

"This is not only an opportunity to bring more jobs to the area, but it also
allows KA to further expand our manufacturing capabilities and meet the growing
needs in the European market," says Linda Nyquist-Evenrud, Executive Vice
President of KA FCS.

The opening of the facility has created approximately 300 new jobs. With this,
KA is looking to actively recruit quality, process and continuous improvement
engineers, and quality management systems specialists.

Investor and media relations:
Mads Langaard
mads.langaard@ka-group.com
+47 905 81 264

About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle
industry. We drive the global transition to sustainable mobility by putting
engineering, sustainability, and innovation into practice. Our product portfolio
includes driver and motion control systems, fluid assemblies, and industrial
driver interface products. Find more information
at: kongsbergautomotive.com (https://www.kongsbergautomotive.com/)


586512_Release.pdf

Source

Kongsberg Automotive ASA

Provider

Oslo Børs Newspoint

Company Name

KONGSBERG AUTOMOTIVE

ISIN

NO0003033102

Symbol

KOA

Market

Oslo Børs