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Putzmeister America, Inc. Celebrates Facility Expansion

Dave Adams, President and CEO of Putzmeister America, Inc., welcomes celebration attendees to the new Connector Building.

Employees socialized with Putzmeister board members as well as contrators and sub-contractors who worked on the new Connector buliding, before the event started.

The new Connector building expansion includes a 18,000 sq. ft. of production space, 7,500 sq. ft. of warehouse space and 4,500 sq. ft. of new office space. Putzmeister’s total square-footage is now approximately 200,000 sq. ft. with this latest expansion.

Rebecca Banks, of RAMAC and Jim Bukacek of Bukacek Construction, together presented the “Golden Key“ award to Adams.

Adams hands over the keys to the Harley-Davidson motorcycle to its new owner, Jason Taft, who works in Putzmeister America’s Telebelt assembly area. Taft was the lucky winner of the grand prize Harley Davidson motorcycle in the raffle that was held for all Putzmeister America employees.

Dr. –Ing. Hinrich Maehlmann, Chairman of the Board of Putzmeister AG, spoke at the event.

Racine County Executive William McReynolds was also on hand to congratulate Adams for his “Golden Key“ award and the new expansion. He called the expansion, “fantastic.“

Putzmeister America, Inc. Celebrates Facility Expansion

Concrete and material placement equipment manufacturer continues growth with the addition of 30,000 square feet to Sturtevant headquarters

Sturtevant, WI (November 27, 2006) – Amidst cheers and applause, Dave Adams, President and CEO of Putzmeister America, Inc. kicked off a festive evening celebrating the company’s seventh expansion since opening its manufacturing plant near Racine, Wisconsin in 1994.

Held in the facility’s new Connector Building, the event highlighted Putzmeister’s new and impressive 25,500 sq. ft. of production shipping/receiving and warehouse space as well as its recently completed 4,500 sq. ft. of new office space. Putzmeister’s total square-footage now totals approximately 200,000 sq. ft. The department where Putzmeister manufactures the booms for its hallmark concrete boom pumps will move into the building on December 8, 2006.

An estimated 400 people attended the event, which included the company’s board of directors, current and past employees as well as contractors and subcontractors who worked on this latest expansion. As attendees approached the Putzmeister Corporate Headquarters on 90th Street, lights flashed across the two striking 36-meter truck-mounted concrete boom pumps outside the new building.

Three pieces of Putzmeister equipment greeted attendees as they entered the building; a Putzmeister Telebelt® TB 130, a 40Z-Meter and 28Z-Meter boom pump. Once inside the new building, attendees were invited to enjoy, in true German style, beer on tap, and an assortment of hors d’oeurves.

Adams opened the night with saying, “I am thrilled so many people are here tonight. I not only want to celebrate this wonderful new building, but would also like to recognize those people who helped Putzmeister get to where we are today; those employees who came before us and who are currently with us who worked on the building,” Adams said.

The Racine Area Manufacturers and Commerce (RAMAC) Chairperson, Rebecca Banks, was in attendance to congratulate Putzmeister and to also present the prestigious “Golden Key” award from RAMAC to Adams. The award recognizes businesses for their commitment to the Racine area and increases awareness of business growth in the community. Before Banks presented the award to Adams she said, “I am here to celebrate growth. Putzmeister’s growth has been great and the company has given a lot back to the community and this is very much appreciated. We are so happy that Putzmeister America chose Racine, Wisconsin for your North American headquarters and we are delighted to have you as part of Racine County.”

Racine County Executive William McReynolds joined Banks in congratulating Adams and Putzmeister America on the award and its latest expansion. “This expansion is fantastic and has helped to further the goal of encouraging business growth and opportunity for growth in the county’s employment base.” He also said, “All of us know that the people in Racine County have a fantastic work ethic and that’s what makes a community and a business very successful.”

After receiving his award, Adams gave a heartfelt thank you to those who helped bring the building to life, “The people who made this possible, besides our employees and customers, are the people with Bukacek and the other contractors and sub-contractors who worked on the new expansion. I watched them every day work on this building. I would like to thank them for their diligence and dedication.”

“I would like to tell you how proud we are as a company, and the hundreds of tradesmen that have been affected by Putzmeister America expanding and growing over the years,” said Jim Cairns, of Bukacek Construction, the General Contractor on the new expansion project who helped Banks present the Golden Key award to Adams. “It’s truly an honor to work with such a fine organization that is concerned with quality. The commitment they have to our area is tremendous. It touches all of us, in all of our lives. We wish Putzmeister continued success, with good fortune and continued expansions.”

On behalf of Wisconsin’s 1st Congressional District, Congressman Paul Ryan wrote a letter to Adams to congratulate him on his award, which Adams read out loud. In the letter, Ryan said that “I want to personally extend my congratulations for this achievement. You (Adams) continue to be a leader in the business community, providing a sterling example for others to strive toward. I am extremely proud that you have been recognized with this prestigious honor, this outstanding recognition.”

Dr.-Ing. Hinrich Maehlmann, Chairman of the Board of Putzmeister AG, spoke, “I am happy to be here to celebrate the inauguration of another expansion, and hopefully there will be many more to come.” Maehlmann added that Putzmeister is presently building factories in India and Turkey as those factories became too small for those developing markets. He also said Putzmeister is expanding its production plants in Germany and Spain as well as setting up a new building for their field and service companies in France and Japan.

“All together Putzmeister will spend almost 150 million U.S. dollars in new buildings and production machinery over the next two years.” Maehlmann noted. “The reason for these investments is a direct result of the tremendous growth of the company in recent years. In the last three years alone, Putzmeister has more than doubled its profits and Putzmeister America played a significant roll in this success story.

Along with Adams and Maehlmann, most of Putzmeister’s Board of Directors were present; Stefan Fritz, Putzmeister America’s Vice President of Manufacturing and COO; Matthais Heinz, Putzmeister America’s Vice President of Finance and CFO; Terry Smith, retired President and CEO of Putzmeister America; Christopher Eperjesy, Twin Disc, Inc.’s Vice President of Finance, CFO and Secretary; and Walter Schey, Putzmeister America’s legal counsel. Hans Zobel, President and CEO of the Festo Corporation, was the only board member who was not present.

Terry Smith, shared a few words, “I am so happy to be back to see not only the next building expansion, but the expansion of the people. It’s unbelievable. It’s all about teamwork and the people here.” Smith also said, “I think I left the company in really good hands with Dave Adams and he has proven he can take the company to the next level.”

Putzmeister has done a lot of “giving back” this year. There were 166 participants in the company’s 2006 Golf Outing which raised $12,500 benefiting United Way and the 2006 Putzmeister United Way Football Pool raised $5,000. “During these events,” Adams said, “we not only have a lot of fun, but we support the community at the same time. The job description of every Putzmeister America employee is to serve our company and the community we live in. With our Concrete Care program, we are building a solid foundation the Racine area.”

The cost for the new connector building, office addition, 10 acres Putzmeister America acquired earlier this year and site developments thus far totals nearly eight million dollars.