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June 3, 2010 | Press release
Haldex divests Chinese hydraulics factory
Haldex AB has completed the divestment of its operations in Qingzhou, China, which manufacture hydraulic pumps and valves based on existing Chinese technology.

The decision was taken because the technology and manufacturing facilities at Qingzhou are outdated and the company will achieve better growth and profitability by concentrating Haldex Hydraulics technology within its modern facilities in Suzhou, Shanghai.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 quarter.

The company had annual sales of SEK 35 m. in the last financial year.

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