TRELLEBORG, Sweden (Oct. 30)—Despite reporting ·robustÃ¶ earnings and sales for the first nine months, Trelleborg A.B. is moving forward with a restructuring plan that includes plant closings in Europe and in Mexico and personnel cutbacks in its various divisions. For the first three quarters of 2001, Trelleborg´s operating profits excluding onetime charges rose by 17 percent to $86.3 million on net sales of $1.39 billion—41 percent higher than a year ago, including acquisitions. For comparable units, net sales were unchanged, the company reported. For fiscal 2001, Trelleborg is warning shareholders about the weakening global economy and its impact on the company's operations.
Trelleborg profits rise substantially
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