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Published: 2016-09-30 09:30:00 CEST
Componenta Oyj
Company Announcement

Restructuring of Componenta Corporation and Componenta Finland Ltd commences

Componenta Corporation Stock Exchange Release on 30.9.2016 at 10.30

Componenta Corporation and Componenta Finland Ltd filed for restructuring on 1 September 2016 in the district court of Helsinki, Finland. Today, the district court has taken the decision regarding the commencement of the restructuring process in respect of Componenta Corporation and Componenta Finland Ltd.

The district court of Helsinki has appointed Mika Ilveskero, Attorney-at-Law, from Castrén & Snellman Attorneys to act as the administrator in respect of the restructuring process of Componenta Corporation and Componenta Finland Ltd.

The filings of the Swedish subsidiaries have been approved and the restructuring proceedings have started on 1 September 2016 (Componenta Främmestad AB and Componenta Wirsbo AB) and 2 September 2016 (Componenta Arvika AB).

 

Helsinki, 30 September 2016 

COMPONENTA CORPORATION

  

Harri Suutari
President and CEO

   

For further information, please contact:

Harri Suutari
President and CEO
tel. +358 10 403 2200

Markku Honkasalo
CFO
tel. +358 10 403 2710

 

Componenta is a metal sector company with international operations and production plants located in Finland, Turkey and Sweden. The net sales of Componenta were EUR 495 million in 2015 and its share is listed on Nasdaq Helsinki. The Group employs approx. 3 700 people. 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.