Componenta strengthens its corporate image ? changes in organization and company names

Componenta Corporation   Stock Exchange Release  17.10.2005 at 14.00

Componenta strengthens its corporate image – changes in organization and
company names

The name of the Dutch foundry company owned by Componenta, De Globe B.V,
is changing. The new name of the company will be Componenta B.V. In
connection with this, Componenta Group is renewing its logo which will be
taken into use with the business unit names. In future all the Group's
business units, instead of having different unit logos, will use the same
Componenta logo, which will portray a uniform, specialized component
supplier comprising foundries and machine shops. The new logo expresses
strength and dynamics, precision and focusing on our core business.

Componenta acquired from the capital investment fund LIOF 55% of the
shares of the De Globe foundry company located in the Netherlands in
March 2004 and the remaining 45% of the shares on 30 June 2005.
Integrating these operations into Componenta started in the spring of
2004 and this process and the structural changes made at the foundries
have now been completed. The investments made at Componenta's other
production units to improve productivity and boost the competitiveness
have also technically completed.

As from 1 November 2005, Componenta's production units will be organized
into three business divisions – Foundries, Machine Shops and Heavy
Components – and Other business. Foundries division will contain the
Group's foundries in Karkkila, Pori, Pietarsaari and Weert as well as the
HWS business unit at the Heerlen foundry. Kimmo Suupohja is in charge of
Foundries division. Machine Shops consists of the Främmestad, Åmål and
Albin machine shops in Sweden, the machine shops in Pori and Pietarsaari
in Finland, and the machine shop operations in the Netherlands. Michael
Sjöberg heads up this business division. Heavy Components division
contains the Group's furan foundries in Iisalmi, Finland and in Heerlen,
the Netherlands, and the machine shops Componenta Nisamo in Lempäälä and
Componenta Pistons in Pietarsaari. Olli Karhunen is in charge of this
business division. Other business consists of the Wirsbo forges, the
associated company Ulefos and Service companies.

Marc Omes is responsible for the Group's joint sales and product
development operations. As from 1 November 2005 the sales will be divided
into three responsibility areas. Jari Leino is responsible for sales to
the key accounts of Heavy truck industry, Marc Omes is responsible for
sales in Central Europe and Olli Karhunen is responsible for sales in the
Nordic countries.

Management of Componenta's sales and customer relations as well as the
engineering and product development functions for new products has been
centralized and takes place at the Customer Product Centers in Finland,
Sweden and the Netherlands. Seppo Paalanen is in charge of engineering
and product development operations at the Finnish CPC and Arne Mofjell at
the Swedish CPC. They report to Jari Leino.  Hein Strijbos is responsible
for engineering and product development operations in the Netherlands and
Central Europe and reports to Marc Omes.

The following persons form the corporate executive team: President and
CEO Heikki Lehtonen, Olli Karhunen, Jari Leino, Director, HR, Anu Mankki
(as from 1 December 2005), Marc Omes, Michael Sjöberg, Kimmo Suupohja,
CFO Kimmo Virtanen and Communications Manager Pirjo Aarniovuori.

Helsinki, 17 October 2005

COMPONENTA CORPORATION


Heikki Lehtonen 
President and CEO



Further information: 

Heikki Lehtonen 
President and CEO
tel. +358 10 403 00


Kimmo Virtanen
CFO
tel +358 10 403 00