DGAP-Adhoc: Von Roll Holding AG: production site optimization and closure of the Düren plant (Germany)
28.10.2014 – 18:04
Von Roll Holding AG / Key word(s): Miscellaneous 28.10.2014 18:00 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- Von Roll Holding AG: production site optimization and closure of the Düren plant (Germany) Au/Wädenswil, 28 October 2014 - As part of the announced strategy and the associated optimization of production sites, Von Roll Holding AG plans to close the plant in Düren (Germany) in the second half of 2015. The Düren plant employs around 120 staff members. Due to the reorganization, several products will be manufactured at other sites. The molded parts product range is to be discontinued when the plant closes. All associated, entire restructuring expenses have already been charged to the current financial year, 2014. Overall, Von Roll is expecting an exceptional cost burden of around CHF 14 million for 2014 due to these effects. By consolidating the plants, we are adjusting the necessary capacity in line with demand, which will enable us to utilize production resources sustainably at our sites. This will increase production efficiency and make us more competitive. About Von Roll Holding AG: As a Swiss industrial company, Von Roll Holding AG focuses on products and systems for power generation, transmission and distribution. Von Roll is a global market leader for insulation products, systems and services and has a presence in 20 countries with about 2,520 employees at over 30 sites. Contact: Claudia Guentert, Corporate Communications T: +41 44 204 3529, F: +41 44 204 3007, 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. Furthermore, rounding differences may lead to discrepancies in the reported figures. 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 at http://www.vonroll.com/en/financial-reports.html. 28.10.2014 News transmitted by EQS Schweiz AG. The issuer is responsible for the contents of the release. EQS publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Von Roll Holding AG Steinacherstr. 101 8804 Au Switzerland Phone: +41 44 204 3500 Fax: +41 44 204 3010 E-mail: reception@vonroll.com Internet: www.vonroll.com ISIN: CH0003245351 Valor: Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Frankfurt in Open Market ; SIX End of Announcement EQS Group News-Service ---------------------------------------------------------------------------