AQ Components Västerås AB begins negotiations with the unions to close down production in Smedjebacken and move it to Estonia
In connection with the closure of AQ Welded Structures in Ludvika 2018, an opportunity opened up to move part of the business to Smedjebacken and combine it with a project business for production equipment. The idea was to maintain part of the production in Sweden close to the customer and with better profitability.Unfortunately, the business has continued to make a loss in 2019 and 2020. With this, we have been forced to make a decision to start MBL negotiations on decommissioning in Smedjebacken and move to AQ Lasertool in Estonia."It is very sad that we did not succeed in establishing a profitable production and project business in Smedjebacken and that we are now forced to make this decision," says Anders Carlsson, CEO of AQ Group. "We will now continue to work on this issue in close collaboration with the unions, customers and employees"
The operations in Smedjebacken currently have 20 employees and these were informed today about this decision. AQ Components Västerås in Smedjebacken manufactures complex welded and machined components, primarily in aluminium. The part of the business that develops production equipment has already decreased in sales and personnel during the year.
____________________________________________________________________________________________________________________
For further information, please contact:
Anders Carlsson, CEO, +46 70 513 42 99
This information was submitted for publication on August 24, 2020, at 10.00 a.m (CEST).
____________________________________________________________________________________________
AQ in brief
AQ is a leading supplier to demanding industrial customers and is listed on Nasdaq Stockholm’s main market.
The Group consists mainly of operating companies each of which develop their special skills and in cooperation with other companies, provides cost effective solutions in close cooperation with the customer.
The Group headquarter is in Västerås, Sweden. AQ has, on December 31, 2019, in total about 6,300 employees in Sweden, Bulgaria, China, Estonia, Hungary, India, Italy, Lithuania, Mexico, Poland, Serbia, Finland, Canada, USA, Brazil and Germany.
In 2019 AQ had net sales of SEK 5.1 billion and the group has since its start in 1994 shown profit every quarter.
Tags: