Componenta has finalized negotiations with the unions regarding the consolidation of Åmål and Främmestad machine shops Componenta has finalized the negotiations with the unions regarding a proposal to consolidate the machine shop operations of Componenta Åmål to Componenta Främmestad in Sweden. The consolidation will take place in 2007. The target is to move 80% of Åmål's production to Främmestad during July - September and the rest during the last quarter of the year. The consolidation will secure the Group's long-term competitiveness through a larger unit size and effective operations. The consolidation is expected to improve the combined result of the business units by some EUR 2 million as from 2008. All employees of Componenta Åmål machine shop are offered a job at Componenta Främmestad retaining their existing employee status. Åmål machine shop employed 65 people when the negotiations started in March 2007. Currently the amount of employees is about half of that. Åmål and Främmestad are located quite close to each other, and both have the main production focused on the heavy truck industry. Componenta Åmål was founded in 1935 and acquired by Componenta in 1994. Componenta Främmestad was founded in 1953, and as from 1990 it has been part of Componenta Group. The machine shop employs 130 people. Helsinki, 27 June 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 is a metal sector company with international operations and production plants located in Finland, the Netherlands, Sweden, and Turkey. The pro forma net sales of Componenta exceeded EUR 602 million in 2006 and the Group employes about 5,100 people. Componenta's shares are quoted on the Helsinki Stock Exchange. 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. Componenta Corporation Panuntie 4 FI-00610 Helsinki , Finland Tel. +358 10 403 00 Fax +358 10 403 2721 http://www.componenta.com
Componenta has finalized negotiations with the unions regarding the consolidation of Åmål and Främmestad machine shops
| Source: Componenta Oyj