Componenta - Company Announcement

New aluminium foundry and new long-term financing of EUR 30 million to Componenta

Componenta Corporation    Stock Exchange Release 18.6.2015 at 9.00

Componenta Dökümcülük A.S. signed on 17 June 2015 a new 5½ year credit facility
agreement of EUR 30 million. New credit facility consists of two separate loan
agreements which are an investment loan of EUR 20 million and a revolving
credit facility of EUR 10 million. As a consequence, the average maturity of
the interest bearing debt portfolio of Componenta Dökümcülük will be further
lengthened. 

Componenta's aluminium business segment has been the Group's more profitable
business. Componenta signed a substantial business contract in first quarter
2015 based on which Componenta will sell complex aluminium components worth
more than EUR 100 million to European markets till end of 2025. In addition,
Componenta has signed several others aluminium component contracts worth
smaller amounts. 

In order to grow in the aluminium business segment, Componenta has started
construction of a new aluminium foundry in Manisa, Turkey. In the first phase
the capacity will be increased by approximately 40% which makes it possible to
increase the turnover from nearly EUR 40 million in 2014 to EUR 70 million.
After this phase, the capacity and turnover can be further increased flexibly
without any additional property investments to EUR 125 million by acquiring
necessary aluminium foundry lines, and at the same pace as new business
contracts will be signed. Componenta's intention is to fully utilize the new
aluminium foundry by end of present decade. With the new long-term financing,
Componenta will strengthen its financial position and at the same time the
financing of this new important investment is secured. In the first phase of
the investment Componenta will invest in property, machinery and equipment
total of EUR 25 million and this phase will carried out during the period of
2015 - 2017. 

The counter-parties of the financing agreement are three same Turkish banks who
also participated in the previous EUR 90 million club loan agreement in 2014;
Türkiye Vakıflar Bankası T.A.O. Orhangazi/Bursa Branch (”Vakifbank”), Türkiye
Halk Bankası A.Ş. Organised Industry Commercial/Bursa Branch (”Halkbank”), and
Türkiye İş Bankası A.Ş. Bursa Corporate Branch (”Iş Bank”). 

Helsinki, 18 June 2015

COMPONENTA CORPORATION


Heikki Lehtonen
President and CEO



For further information, please contact:

Heikki Lehtonen
President and CEO
tel. +358 10 403 2200

Mika Hassinen
CFO
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 495 million in 2014 and its share is listed on
Nasdaq Helsinki.The Group employs approx. 4,250 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.

Viðhengi:

release_Componenta_18062015_New aluminium foundry and term financing.pdf