EQS-Adhoc: Von Roll Holding AG: Sale of the Luhe site
EQS Group-Ad-hoc: Von Roll Holding AG / Key word(s): Disposal
Von Roll Holding AG: Sale of the Luhe site
22-May-2018 / 07:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
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Von Roll Holding AG: Sale of the Luhe site
Breitenbach, May 22, 2018 - Von Roll Holding AG is selling its production site
in Luhe, China to its long-standing sales partner Goode EIS. In Luhe, primarily
mica paper and pressed mica plates are produced. Von Roll also produces mica
paper at two other sites in France and Brazil.
Dr. Christian Hennerkes, CEO, says: "This transaction offers a good opportunity
to further streamline our global production structures while successfully
divesting a low-margin commodity business with annual sales of just under CHF 13
million. The Von Roll Group will receive over CHF 10 million from the sale.
Furthermore, with this step we want to concentrate all activities in China on
the expansion of our site in Shanghai, where we already generate the majority of
our sales in Asia with highly developed surface and liquid insulating
materials."
About Von Roll Holding AG:As a Swiss industrial company, Von Roll Holding AG
focuses on products and systems for power generation, transmission, storage and
distribution. Von Roll is a global market leader for electrical insulation
products, systems and services and has a worldwide presence in 18 sites with
1,536 employees.
Contact:
Claudia Güntert, Corporate Communications
T: +41 61 785 52 36, F: +41 61 785 58 92, E: press@vonroll.com
This press release is based on information currently available. Unforeseeable
risks and influences may lead to discrepancies with the statements made here.
For more information on the company and its business performance, please refer
to the Annual and Semi-Annual Report of Von Roll Holding AG which is available
in digital form athttps://www.vonrollgroup.com/en/.
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End of ad hoc announcement------------------------------------------------------
Language: English
Company: Von Roll Holding AG
Passwangstrasse 20
4226 Breitenbach
Switzerland
Phone: 0041 (0)61 785 52 36
E-mail: press@vonroll.com
Internet: www.vonrollgroup.com
ISIN: CH0003245351
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich,
Stuttgart; SIX Swiss Exchange
End of Announcement EQS Group News Service
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