Componenta plans to sell its forge operations

Componenta Corporation Stock Exchange Release on 13.10.2016 at 15.00

Componenta Corporation plans to sell its forge operations located in Sweden i.e. Componenta Wirsbo AB and Componenta Arvika AB. Both companies are in corporate restructuring.

Componenta Wirsbo and Componenta Arvika supply forged products, as blanks and machined products, to the heavy truck, construction & mining and machine buliding industries. The companies’ net sales in 2015 was approximately EUR 50 million in total and they employ approximately 220 persons.

Helsinki, 13 October 2016

COMPONENTA CORPORATION
 

Harri Suutari
President and CEO

For further information, please contact:

Harri Suutari
President and CEO
tel. +358 10 403 2200 

Markku Honkasalo
CFO
tel. +358 10 403 2710

Componenta is a metal sector company with international operations and production plants located in Finland, Turkey and Sweden. The net sales of Componenta were EUR 495 million in 2015 and its share is listed on Nasdaq Helsinki. The Group employs approx. 3,700 people. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers, who are manufacturers of vehicles, machines and equipment.