Kongsberg Automotive Announces Restructuring of North American Operations
12/13/2008 7:00 AM EST
Supplier announces facility Changes
Kongsberg, Norway, Dec. 13, 2008 - Kongsberg
Automotive, a global supplier of automotive,
commercial and industrial products, today announced
that they are restructuring their production
operations in North America.
Production at their Van Wert, Ohio facility will be
transferred to our Nuevo Laredo, Mexico facility.
This closure will affect approximately 105 jobs
within the Van Wert facility. The facility is
expected to close sometime in the summer of 2009.
This announcement is in addition to recently
announced cut backs in this same location.
Production at the Haysville, Kansas facility will
be transferred to our Matamoros, Mexico facility.
The Haysville facility is also expected to close
sometime in the summer of 2009, and effect
approximately 100 jobs at the facility.
`This restructuring is driven by the global
automotive market collapse` said Olav Volldal, CEO
Kongsberg Automotive Holding ASA. `KA, like other
automotive suppliers, has seen drastic volume
reductions globally over the last few months, and
the largest impact has so far been in North
America. These cuts are necessary to align our
manufacturing to the new market realities.`
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Kongsberg Automotive is headquartered in Kongsberg,
Norway and has more than 50 facilities in 20
countries on all continents. Kongsberg Automotive,
with revenues of about EUR1 billion and over 9.500
employees, provides system solutions to vehicle
makers around the world. The product portfolio
includes gearshift systems, cables for a wide
variety of applications, fuel lines, tubing and
hoses, couplings, clutch actuation, stabilizing
rods, seat heaters, seat ventilation, lumbar
supports, head restrains, arm rests, steering
columns, pedals, electronics and displays. Find
more information at
www.kongsbergautomotive.com.
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For further information, please contact:
Raymond Bomya
Executive Vice President, Kongsberg Automotive -
North America
Ph: +1(248) 615-3090
e-mail:
Ronny Lie
Director, Corporate Communication
Ph: +47 32 77 05 11 / +47 916 10 798
e-mail:
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