Componenta - Company Announcement

Componenta doubles production capacity of aluminium components in Turkey

Componenta doubles production capacity of aluminium components in Turkey

Componenta doubles its production capacity of aluminium components to 25,000
ton/year by building a green field aluminium plant in Manisa, Turkey. The new
plant with Lean production layout and optimized material flows enables better
capacity utilization and higher efficiency of high pressure die casting and thus
improves our capabilities to meet customers' demands. The new plant of 28,000 m2
production facilities and first-phase machines & equipment as well as the office
premises will be taken into use in summer 2009. The investment of roughly EUR 25
million will be carried out mainly in 2009 - 2011. 

The demand for aluminium castings is increasing among our customers in
automotive and heavy truck business areas. Driving forces in the market are
demands for lighter vehicles because of environmental, safety, lifestyle and
comfort related reasons. Manufacturers of both passenger cars and heavy trucks
are facing the same kind of needs to reduce weight of components, to use
recycled materials, to add durability and reliability of power train and safety.
Due to the mentioned reasons aluminium has continuously increased its share in
light materials and the total market of aluminium cast components in Europe has
risen. This trend of increase is forecasted to continue and even accelerate for
Europe. 

During the past few years Componenta's Manisa business unit has successfully
cooperated with its main automotive customers. Close cooperation in advanced
engineering and co-design has resulted in new solutions and new business for
Componenta. 

Environmental implications are also taken into consideration when designing the
new plant. For example heat from the melting furnaces will be captured to be
reused for cooling and heating of office premises which will bring savings in
operating costs as well as preservation of natural resources.  

Componenta is the second largest independent cast component supplier in Europe.
This aluminium plant investment is in line with our strategic target to be the
leading European cast component supplier by 2012. 

Helsinki, 15 July 2008 

COMPONENTA CORPORATION


Heikki Lehtonen
President and CEO

Further information:

Heikki Lehtonen, President and CEO
tel. +358 10 403 00


Componenta is a metal sector company with international operations and
production plants located in Finland, Turkey, the Netherlands and Sweden. The
net sales of Componenta were EUR 635 million in 2007. The Group employs about
5,100 people. Componenta's shares are quoted on the OMX Nordic Exchange in
Helsinki. 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
www.componenta.com