Componenta - Company Announcement

Componenta has finalized negotiations with the unions regarding the consolidation of Åmål and Främmestad machine shops

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

Liitteet:

06272346.pdf