Regulatory News:
Today, Trelleborg (STO:TRELB) inaugurates a newly constructed facility in Bangalore, India, to develop, manufacture and supply high-performance sealing solutions for aircrafts, off highway equipment, trucks, passenger cars, as well as for industrial applications. The facility is part of the Trelleborg Sealing Solutions business area.
The investment is part of Trelleborg's continued long-term strategy to invest in markets with favorable growth potential. Using proven leading-edge development and manufacturing processes, the site will focus on a broad range of advanced sealing solutions. The facility will serve the needs of Trelleborg's existing customers by providing local support and supply to their Indian plants, and just as importantly, to local manufacturers.
"We believe that India has highly favorable long-term growth opportunities and our strong global platform will be further reinforced by this facility," says Peter Nilsson, President and CEO of Trelleborg. "This unit continues our commitment to the growing manufacturing sector within in India."
"Demand for high-performance sealing solutions is favorable in off-highway equipment, automotive and other industrial segments" says Business Area President, Trelleborg Sealing Solutions, Claus Barsøe.
The inauguration on 27 April was attended by guests from all over the world, including representative from industry leaders from the Indian fluid power, off-highway, aerospace and automotive industries along with the Ambassador of Sweden to India Lars-Olof Lindgren as well as management and personnel from Trelleborg.
Trelleborg has three facilities in India, in Bangalore and Noida. These develop, manufacture and supply hydraulic and pneumatic sealing systems for fluid power, automotive and aerospace among others. In addition, there are eight regional sales and support offices to effectively cultivate the local market, as well as a center of excellence for engineering and design in Ahmedabad. Trelleborg has approximately 1,000 employees in India and sales in 2011 amounted to approximately SEK 490 M. Continuing expansion within India, the inauguration of a new Trelleborg Engineered Systems facility in India, also in Bangalore, is planned for September 2012. This facility will develop, manufacture and supply industrial antivibration systems with a focus on rail and molded components for a variety of industry segments.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales 2011 of just over SEK 29 billion, with about 21,000 employees in over 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the NASDAQ OMX Nordic List, Large Cap. www.trelleborg.com
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Contacts:
Media:
Vice President Media Relations
Karin Larsson,
46
(0)410 67094, 46 (0)733 747015,
karin.larsson@trelleborg.com
or
Investors/analysts:
Vice
President IR
Christofer Sjögren,
46 (0)410 67068, 46 (0)708
665140,
christofer.sjogren@trelleborg.com
