TRELLEBORG, Sweden (Nov. 9)—Trelleborg A.B. will close automotive component plants in Peterborough, England, and Neumunster, Germany, next year as part of a restructuring process to integrate the BTR AVS activities it acquired earlier this year. In addition, Trelleborg will turn the BTR AVS factory and technical center in Hohr-Grenzhausen, Germany, into the headquarters for the company´s automotive division. Trelleborg said it has set up a reserve of $56 million to cover costs associated with the restructuring. News of the moves came with the release of Trelleborg´s third-quarter results. The company reported operating profit of $113.9 million on sales of $1.13 billion for the nine months ended Sept. 30.
Trelleborg to close two auto parts plants
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