Helsingborg, Sweden -Â Trelleborg Automotive is to sell an airsprings factory in the UK and is establishing an AVS joint venture in Russia.
Speaking to equity analysts at the company's Capital Markets Day, Roger Johansson, who recently took over his post as President of the Automotive business area, said its plant in Coventry UK is to be sold to the management in an MBO. The Coventry unit is part of the AVS business and mainly comprise the production of airsprings. The operation has approximately 110 employees. It generated sales of about SEK 150 million ( €16 million) in 2006 and reported a loss. Trelleborg acquired the business as part of the acquisition of BTR, Invensys' anti-vibration systems, in 2000.
Meanwhile, in Russia, Johansson said he has signed an agreement to form a joint venture with a Russian supplier of AVS units, called Elad Rezinotechnika based in Dimitrovgrad.Â Johansson told ERJ that the joint venture should be signed and in place by the first quarter of 2008. Trelleborg described Elad as, "a leading Russian AVS company."Â Johansson said Elad currently supplies AVS systems to domestic Russian vehicle makers. The aim of the joint venture is to create a manufacturing centre in Russia that can supply high quality systems and components to transplant car makers who have set up in Russia, and also to the domestic manufacturers.Â Johansson said Trelleborg Automotive will be the first western supplier of antivibration components to establish itself in the strongly growing Russian market. "
The company has a website, but it appears to be blank (see below). Nevertheless a spokesman for the company confirmed the deal with Trelleborg.
Trelleborg Auto said it is continuing its review of operations.
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Press release from Trelleborg
Website of Elad RTI (appears to be blank)