Componenta initiates negotiations with the unions regarding a proposed consolidation of Åmål and Främmestad machine shops Componenta will initiate negotiations with the unions regarding a proposal to consolidate the machine shop operations of Componenta Åmål to Componenta Främmestad in Sweden. By the proposed consolidation the Group is targeting long-term competitiveness through a larger unit size and effective operations. Componenta Åmål was founded in 1935 and acquired by Componenta in 1994. It currently employs 65 people. Componenta Främmestad was founded in 1953. As from 1990 it has been one of the Componenta business units. The machine shop employes 130 people. A modern surface treatment plant was started at Främmestad in 2005. It boosted the whole Group's competitive edge in the global market among suppliers of components to heavy truck manufacturers. Åmål and Främmestad are located quite close to each other, and both have the main production focused on the heavy truck industry. The proposed consolidation will generate more efficient value chains and a clearer specialization between the Componenta production units. Helsinki, 21 March 2007 COMPONENTA CORPORATION Heikki Lehtonen President and CEO Further information: Heikki Lehtonen President and CEO tel. +358 10 403 00 Michael Sjöberg Director, Machine shops division tel. +46 70 252 1042
Componenta initiates negotiations with the unions regarding a proposed consolidation of Åmål and Främmestad machine shops
| Source: Componenta Oyj