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Von Roll Holding AG
Regulatory Filings • May 22, 2018
1009_rns_2018-05-22_9f4f5c4f-2223-45dd-b6c6-ce37be2ee52b.html
Regulatory Filings
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News Details
Ad-hoc | 22 May 2018 07:30
Von Roll Holding AG: Sale of the Luhe site
Von Roll Holding AG / Key word(s): Disposal
22-May-2018 / 07:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
Von Roll Holding AG: Sale of the Luhe site
Breitenbach, May 22, 2018 – Von Roll Holding AG is selling its production site in Luhe, China to its long-standing sales partner Goode EIS. In Luhe, primarily mica paper and pressed mica plates are produced. Von Roll also produces mica paper at two other sites in France and Brazil.
Dr. Christian Hennerkes, CEO, says: “This transaction offers a good opportunity to further streamline our global production structures while successfully divesting a low-margin commodity business with annual sales of just under CHF 13 million. The Von Roll Group will receive over CHF 10 million from the sale. Furthermore, with this step we want to concentrate all activities in China on the expansion of our site in Shanghai, where we already generate the majority of our sales in Asia with highly developed surface and liquid insulating materials.”
About Von Roll Holding AG: As a Swiss industrial company, Von Roll Holding AG focuses on products and systems for power generation, transmission, storage and distribution. Von Roll is a global market leader for electrical insulation products, systems and services and has a worldwide presence in 18 sites with 1,536 employees.
Contact:
Claudia Güntert, Corporate Communications
T: +41 61 785 52 36, F: +41 61 785 58 92, E: [email protected]
This press release is based on information currently available. Unforeseeable risks and influences may lead to discrepancies with the statements made here. For more information on the company and its business performance, please refer to the Annual and Semi-Annual Report of Von Roll Holding AG which is available in digital form at https://www.vonrollgroup.com/en/ .
End of ad hoc announcement
| Language: | English |
| Company: | Von Roll Holding AG |
| Passwangstrasse 20 | |
| 4226 Breitenbach | |
| Switzerland | |
| Phone: | 0041 (0)61 785 52 36 |
| E-mail: | [email protected] |
| Internet: | www.vonrollgroup.com |
| ISIN: | CH0003245351 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; SIX Swiss Exchange |
| End of Announcement | EQS Group News Service |