Haldex AB has completed the divestment of its operations in Qingzhou, China,
which manufacture hydraulic pumps and valves based on existing Chinese
The decision was taken because the technology and manufacturing facilities at
Qingzhou are outdated and the company will achieve better growth and
profitability by concentrating Haldex Hydraulics technology within its modern
facilities in Suzhou, Shanghai.
A capital loss of approximately SEK 19 m will be charged against the second
The company had annual sales of SEK 35 m. in the last financial year.
Haldex (www.haldex.com (http://www.haldex.com/)), headquartered in Stockholm,
Sweden, is a provider of proprietary and innovative solutions to the global
vehicle industry, with focus on products in vehicles that enhance safety,
environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm
Stock Exchange and had net sales of nearly 5.5 billion SEK in 2009. The number
of employees amounts to about 4,000.
Haldex discloses the information in this press release according to the Swedish
Securities Market Act and/or the Swedish Financial Trading Act. The information
was provided for public release on Thursday June 3, 2010.
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