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Trelleborg — Capital/Financing Update 2007
Dec 20, 2007
2985_rns_2007-12-20_c09256cf-a198-4c2a-846e-cc213ec46b23.pdf
Capital/Financing Update
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Press release Trelleborg, December 20, 2007
Divestment of vehicle component plant in UK completed
Trelleborg's divestment of its operations in Coventry, in the UK, which is included in Trelleborg Automotive UK, has now been completed. The business is being taken over by the company's management.
As announced earlier, the divestment is part of Trelleborg's strategic and operational action program within the Trelleborg Automotive business area. The operations in Coventry are part of the antivibration business and manufacture airsprings. The business has about 110 employees, had sales of SEK 150 M in 2006 and recorded a loss.
For Trelleborg, the divestment is expected to lead to a book capital loss of about SEK 90 M before tax. It is anticipated that the divestment will generate a positive cash flow of approximately SEK 15 M.
For further information, please contact Trelleborg AB's Corporate Communications Department, tel. +46 (0)410-67000.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and indepth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales 2006 of approximately SEK 27 billion, with about 24,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, large cap. www.trelleborg.com