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Von Roll spins-off two loss-making pro­duc­tion sites in France

Brei­ten­bach, May 26, 2020 — During the cour­se of the Coro­na cri­sis, the Von Roll Group has cri­ti­cal­ly review­ed all glo­bal acti­vi­ties in order to focus its human and finan­cial resour­ces wit­hin the Group even stron­ger on busi­ness are­as with a high future potential.

As a result of this assess­ment, the Board of Direc­tors has deci­ded to stop pro­vi­ding any addi­tio­nal finan­cial funds to the two pro­duc­tion sites in Del­le, Fran­ce (Del­le Fil SAS, Von Roll Iso­la Fran­ce SA). Accord­in­gly, an app­li­ca­ti­on has been filed today with the Com­mer­cial Court for ope­ning judi­cial reor­ga­niz­a­ti­on pro­cee­dings (redres­se­ment judi­ci­ai­re) for the two com­pa­nies men­tio­ned above.

The Von Roll Group has been sup­por­ting its defi­cit-making sites in Del­le for more than 20 years with sub­stan­ti­al human resour­ces and finan­cial funds to cover los­ses. Over the last 3 years, the com­pa­nies have gene­ra­ted an average net loss of around CHF 4 mil­li­on per year.

Most of the pro­ducts manu­fac­tu­red at the­se sites are com­mo­di­ties with a sales volu­me of around CHF 40 mil­li­on. The two loca­ti­ons recent­ly employ­ed a total of around 150 people.

This decisi­on affects only our two plants in Del­le and the very limi­ted port­fo­lio of wire and com­po­si­te pro­ducts pro­du­ced the­re. The two remai­ning sites in Mey­zieu and Val­doie in Fran­ce as well as the remai­ning 10 pro­duc­tion sites of the Von Roll Group world­wi­de are not affec­ted in any way.

With cur­rent cash funds of around CHF 60 mil­li­on, the Von Roll Group is well finan­ced even in times of Coro­na and has enough room to grow the remai­ning 12 loca­ti­ons world­wi­de as well as new busi­ness opportunities.

 

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 14 pro­duc­tion sites with around 1,200 employees. The com­pa­ny sup­plies cus­to­mers in over 80 countries.

 

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/.