German sports car manufacturer Porsche AG has extended its contract with Finnish Valmet Automotive, to produce its Boxster and Cayman models at Valmet's plant in Uusikaupunki until 2011.

German sports car manufacturer Porsche AG has extended its contract with Finnish Valmet Automotive, to continue the production of its Boxster and Cayman models at Valmet's plant in Uusikaupunki until 2011. Production of the Boxster (986) in Uusikaupunki began in the fall of 1997, when demand for the new entry-level Porsche soared and Porsche's own Zuffenhausen manufacturing plant failed to keep up with demand.

"Over all these years in which we have been building premium sports cars together, Valmet has been a fair, reliable and calculable partner for Porsche. The product quality, so significant particularly for Porsche, has remained excellent throughout the years" said Michael Macht, Member of Porsche's Board of Management, at the ten-year cooperation celebration in Uusikaupunki on October 16, 2007.

Since 1997 Valmet Automotive has produced roughly 180,000 units of the Boxster series (incl. Cayman) and currently completes about 100 cars every day. The manufacturing plant employs over 800 employees and continues to be an important partner for Porsche, as the Stuttgart-Zuffenhausen plant operates at full capacity.

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Valmet Extends Contract with Porsche