ERJ staff report (R&PN)
Trelleborg, Sweden — Trelleborg AB’s rubber-related units have posted solid results for 2008 despite the economic downturn and falling demand.
However, the company said that overall, the rapid decline in the market in the fourth quarter of 2008 had a significant impact on Trelleborg. Sales for the year amounted to $3.8 billion, up 0.9 percent from 2007, and operating profit dropped 21 percent.
The company’s Sealing Solutions unit, a supplier of precision rubber seals for the industrial, aerospace…