OSRAM Sells Tungsten Operation to Plansee Group

Subject to the approval of the relevant antitrust authorities

MUNICH, Germany, April 23 /PRNewswire/ -- Subject to the approval of the
relevant antitrust authorities, OSRAM, one of the leading lighting
manufacturers of the world, today announced the sale of its Global Tungsten
and Powders (GTP) business unit to Plansee Group, of Reutte, Austria. The
sale will include a United States facility in Towanda, PA and Sylvania
Tungsten s.r.o., a subsidiary of OSRAM's Bruntal operation in the Czech
Republic. GTP has more than 1000 employees, sales accounted for approximately
280 Mio. EUR in Fiscal Year 2007. The sale price was not disclosed.
"The Global Tungsten and Powders business unit has established itself as a
world-class operation, driven by highly committed teams in the United States
and Czech Republic. However, its business has diversified well beyond the
lighting products that are OSRAM's strategic focus," Martin Goetzeler, CEO of
OSRAM said. In joining Plansee, the GTP division would become part of a
leading supplier of powder metallurgical products and components . "Our
remaining prematerial activities, such as glass and coil production at other
locations, will remain a strategically important part of OSRAM's business,"
Goetzeler added. As a result, OSRAM's resources will be focused on its core
lighting business.
The sale of GTP follows the reorganization of the OSRAM division Precision
Material & Components last year, when Global Tungsten and Powders (GTP)
activities were separated as a business unit. In addition to prematerials for
lighting products (e.g. tungsten for lamp wires) GTP mainly produces
prematerials for other industries, such as tungsten carbide for machine tools,
energy and aerospace.
About OSRAM
OSRAM is part of the Industry sector of Siemens and one of the two leading
lighting manufacturers in the world. Sales for the OSRAM group worldwide in
the year ending September 30, 2007 totaled 4.7 billion euros, 88 percent of
which came from outside Germany. OSRAM is a high-tech company in the lighting
industry. Around 60 percent of sales come from energy-efficient products. This
global player employs more than 41,000 people worldwide, supplies customers in
some 150 countries and has 48 production facilities in 17 countries.
About the Plansee Group
With its three divisions -- PLANSEE High Performance Materials, CERATIZIT
and PMG -- the Plansee Group is one of the world's leading suppliers of powder
metallurgical products and components. The Group achieved worldwide sales of
over 1.4 billion euros in the 2006/07 fiscal year (ignoring differing
shares of ownership) and employed a total of 8,800 people.
The fiscal year ends on the last day of February.
Note
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SOURCE OSRAM

Reglindis Pfeiffer, Head of Media Relations, OSRAM, +49-89-6213-2305, Fax
+49-89-6213-3457, reglindis.pfeiffer@osram.com