Back to Corporate News Overview
Put companies on watchlist
Arbonia AG
ISIN: CH0110240600
WKN: A1CUXD
About
Company Snapshot
GO
AI
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

AI
EN GIF 300X250
Arbonia AG · ISIN: CH0110240600 · EQS - adhoc news (37 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1252122
EQS News
Directors Dealings
Analyst Ratings
Short Seller
Technical Analysis
Levermann Score
26 November 2021 07:00AM

Arbonia improves competitiveness through further consolidation of flat panel radiator production

EQS Group-Ad-hoc: Arbonia AG / Key word(s): Miscellaneous
Arbonia improves competitiveness through further consolidation of flat panel radiator production

26-Nov-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Arbon, 26 November 2021 - The Heating, Ventilation and Air Conditioning (HVAC) Division of Arbonia is advancing the consolidation of its flat panel radiator production volume at its highly automated plant locations with the planned closure of the production plant in Tubbergen (NL). By increasing capacity utilisation and productivity at the remaining locations as well as further centralising know-how in the competence centres, the division is further enhancing its competitive position as a best-in-class provider of radiators.

The HVAC Division plans to bundle the manufacturing capacities of the Dutch Vasco production site in Tubbergen at its highly automated production plants in Plattling (D) and Legnica (PL) by the end of 2022 in order to further sustainably increase its competitiveness by concentrating competencies and volumes.

The planned production relocation and the resulting closure of the production plant could result in the reduction of around 100 jobs at the Tubbergen (NL) location by the end of 2022. This planned measure has been submitted to the works council for consultation and at the same time negotiations will be initiated with the concerned employee representatives to discuss the preparation of a social plan and the definition of effective measures to support the affected employees, among other things.

The market servicing of the HVAC Division will not change as a result. The customers will continue to benefit from an attractive product portfolio, optimum quality, and best-in-class logistics services in the future. The Dutch customers will be served by the sales organisation based in Amsterdam (NL) as before.

In the future, the flat panel radiator production for the European markets will be consolidated in the competence centre in Germany.

Arbonia expects one-off costs due to the closure in the high single-digit CHF millions, which will be charged to the 2021 net earnings for the year.

Contact
Fabienne Zürcher
Head Corporate Communications & Investor Relations
T +41 71 447 45 54
fabienne.zuercher@arbonia.com


End of ad hoc announcement
Language: English
Company: Arbonia AG
Amriswilerstrasse 50
9320 Arbon
Switzerland
Phone: +41 71 447 41 41
E-mail: holding@arbonia.com
Internet: www.arbonia.com
ISIN: CH0110240600
Listed: SIX Swiss Exchange
EQS News ID: 1252122

 
End of Announcement EQS Group News Service

1252122  26-Nov-2021 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1252122&application_name=news&site_id=boersengefluester_html
Visual performance / price development - Arbonia AG

SIX:ARBN Price indication powered by TradingView

Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.

The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.

1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.