Componenta continues to grow
Componenta has signed a contract with Moventas Oy under which the Group's
foundries in Iisalmi, Finland and in Heerlen, the Netherlands will supply
Moventas with castings for wind generator gear components with a total value of
EUR 70 million over the period 2009 - 2011. As a result of this supply contract,
capital expenditure of EUR 6 million will be made at Suomivalimo in Iisalmi to
raise production capacity by 70 % in summer 2008. The investments in buildings
and machinery will generate about 30 new jobs at the foundry. The net sales of
Suomivalimo are EUR 18 million and the current amount of personnel is 125.
Componenta is increasing machining capacity in Turkey by building a new plant.
Some 8,000 m2 of new production premises will be built at the machine shop in
Orhangazi, which should be completed in summer 2008. Capital expenditure on the
building will be EUR 3 million. It is planned to double the machining capacity
at Componenta Orhangazi from its current level with machinery investments of EUR
6 million during 2008 - 2009.
Componenta's Board of Directors has confirmed new long-term goals for the Group.
The Group's strategic goal is to be the leading European cast component supplier
by 2012. The company's goals are growth in net sales to EUR 800 million,
operating profit 10% of net sales, return on investment of 20%, and an equity
ratio of 40%.
Helsinki, 14 November 2007
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, 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 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
http://www.componenta.com
