Trelleborg invests in high-end production for sealing solutions in Denmark
Trelleborg has, through its business area Trelleborg Sealing Solutions, decided to invest in a new state of the art production facility for sealing solutions in Denmark, thus relocating its current manufacturing facility in the country. The move is intended to transform and further expand the current capabilities of the existing facility to demonstrate future manufacturing principles and technologies that enable profitable sales growth. The investment forms part of Trelleborg’s strategy to strengthen positions in attractive market segments.
“The Danish operation is one of our most important ones globally, with committed employees and a product and material portfolio that offers high-end solutions to the most demanding of sealing applications. The new production facility will be dedicated to highly automated and lean production lines for the automotive, aerospace and renewable energy industries, contributing to better business and higher technical customer support,” says Claus Barsøe, President of the Trelleborg Sealing Solutions business area.
The production will be relocated to a new facility close to the current one in Helsingør, Denmark. Trelleborg will invest a total of approximately SEK 120 M during 2017-2020. The investment for this year is within the previously announced framework for capital expenditures for 2017. It is estimated that production will be able to commence in the new facility at the beginning of 2020.
For further information, please contact:
Media: Vice President Media Relations Karin Larsson, 46 (0)410 67015, 46 (0)733 747015, karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer Sjögren, 46 (0)410 67068, 46 (0)708 665140, christofer.sjogren@trelleborg.com
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative engineered solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of SEK 31 billion and operations in over 50 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems, and the operations of Rubena and Savatech. The Trelleborg share has been quoted on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.
www.trelleborg.com