Componenta - Company Announcement

Componenta starts restructuring its operations in the Netherlands to develop productivity and profitability

Componenta Corporation  Stock Exchange Release 15.11.2012 at 11.45

Componenta is taking measures in the Netherlands to develop the productivity
and profitability of its Dutch business units as part of the Group-wide
efficiency program started in October 2012. Negotiations with the unions and
the advice procedure with the Works Council started on 14 November 2012 in
order to reduce some 55 jobs in the Netherlands at the foundries in Heerlen and
Weert, at the machine shop in Weert and at the Customer Service Center in
Weert. 

The restructuring and personnel redundancy plans will be conducted in
accordance with local practice and legislation. The goal is to complete the
negotiations and preparations by 31 January 2013, so that the measures based on
the decisions would become effective as of 1 February 2013. 

The capacity utilization rates at the Dutch foundries have been low during the
past years and the operative result of the foundries has been negative. The
project to improve productivity and profitability in the Netherlands will also
include minor investments to develop the production processes and optimize
production. In addition, the flow of operations will be improved by
re-organization and changes in areas of responsibility, resulting in more
efficient utilization of resources. 

If the measures and changes mentioned above are carried out, they are estimated
to bring annual cost savings of EUR 2.6 million, which is about half of the
savings and improvements the Group is aiming to achieve in the Netherlands.
One-time costs due to these actions and changes will be recorded in the final
quarter of 2012. 

Helsinki, 15 November 2012

COMPONENTA CORPORATION


Heikki Lehtonen
President and CEO



For further information, please contact:

Heikki Lehtonen                                         Mika Hassinen
President and CEO                                    CFO
tel. +358 10 403 2200                                tel. +358 10 403 2723



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 576 million in 2011 and its share is listed on
the NASDAQ OMX Helsinki. The Group employs approx. 4,700 people. 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.

Attachments:

Componenta_release_15112012_netherlands.pdf