Componenta Oyj: Componenta Doubles Production Capacity of Aluminium Components in Turkey

HELSINKI, Finland–(EMWNews)–Regulatory News:

Componenta doubles its production capacity of aluminium components to

25,000 ton/year by building a green field aluminium plant in Manisa,

Turkey. The new plant with Lean production layout and optimized material

flows enables better capacity utilization and higher efficiency of high

pressure die casting and thus improves our capabilities to meet customers’

demands. The new plant of 28,000 m2 production facilities and

first-phase machines & equipment as well as the office premises will be

taken into use in summer 2009. The investment of roughly EUR 25 million

will be carried out mainly in 2009 – 2011.

The demand for aluminium castings is increasing among our customers in

automotive and heavy truck business areas. Driving forces in the market

are demands for lighter vehicles because of environmental, safety,

lifestyle and comfort related reasons. Manufacturers of both passenger

cars and heavy trucks are facing the same kind of needs to reduce weight

of components, to use recycled materials, to add durability and

reliability of power train and safety. Due to the mentioned reasons

aluminium has continuously increased its share in light materials and

the total market of aluminium cast components in Europe has risen. This

trend of increase is forecasted to continue and even accelerate for

Europe.

During the past few years Componenta’s Manisa

business unit has successfully cooperated with its main automotive

customers. Close cooperation in advanced engineering and co-design has

resulted in new solutions and new business for Componenta.

Environmental implications are also taken into consideration when

designing the new plant. For example heat from the melting furnaces will

be captured to be reused for cooling and heating of office premises

which will bring savings in operating costs as well as preservation of

natural resources.

Componenta is the second largest independent cast component supplier in

Europe. This aluminium plant investment is in line with our strategic

target to be the leading European cast component supplier by 2012.

Helsinki, 15 July 2008

COMPONENTA CORPORATION

Heikki Lehtonen President and CEO

Componenta is a metal sector company with international operations and

production plants located in Finland, Turkey, the Netherlands and

Sweden. The net sales of Componenta were EUR 635 million in 2007. The

Group employs about 5,100 people. Componenta’s shares are quoted on the

OMX Nordic Exchange in Helsinki. Componenta specializes in supplying

cast and machined components and total solutions made of them to its

global customers who are manufacturers of vehicles, machines and

equipment.

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