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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
Head of Cor­po­ra­te Communications
& Inves­tor Relations
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 at https://www.vonroll.com/en/.