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2008-07-15 08:10:00 CEST 2008-07-15 08:10:11 CEST REGULATED INFORMATION Componenta - Company AnnouncementComponenta invests in Turkey to reduce dust emissionsComponenta invests in Turkey to reduce dust emissions Componenta has decided to invest in induction melting furnaces in the Orhangazi foundry to guarantee efficiency of melting and sufficient molten metal at the same time when the environmental load caused by melting reduces. The current two arc furnaces will be replaced by a dual track induction furnace. The investment of EUR 2 million in a new induction furnace of the newest technology brings both economical and environmental benefits by improving operational efficiency, reducing energy usage and operating costs and decreasing emissions into the air clearly below the levels required by the legislation and authorities. The melting capacity will not change but amount of dust emitted to the environment will decrease by 60% which is also in line with Componenta's strategy on protection of environment and best use of energy sources. The furnace investment is part of the total production capacity increasing investments which are ongoing in the Orhangazi foundry. The production capacity will be increased by 40,000 ton to 180,000 ton/year by investments in melting, moulding, and core making to improve the production flow and remove ”bottle necks”. After the renovation the biggest moulding line in the Orhangazi foundry is the most modern line in Europe. 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 |
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