Arbonia AG

  • ISIN: CH0110240600
  • Land: Schweiz

Nachricht vom 26.11.2021 | 07:00

Arbonia improves competitiveness through further consolidation of flat panel radiator production

Arbonia AG / Key word(s): Miscellaneous

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.

Fabienne Zürcher
Head Corporate Communications & Investor Relations
T +41 71 447 45 54

End of ad hoc announcement


show this

GBC im Fokus

IGEA Pharma N.V. Realignment to CBD extraction

The goal is to become the quality and cost leader in the field of CBD in Europe. To this end, a GMP pharma compliant plant is being built in Switzerland. The supercritical CO2 extraction process is to be used to achieve the highest standard of quality. The CBD market is growing strongly and with the focus on quality leadership and pure extraction, IGEA Pharma's new business model should be able to occupy an attractive niche market. With the proprietary supercritical CO2-extraction technology, other markets such as vanilla, rose or rosemary can be developed in the medium term. Based on our DCF model, we have determined a fair value of € 1.05 (CHF 1.13) per share and assign a BUY rating.

News im Fokus

Allianz SE: Allianz kündigt Abschluss eines Rückversicherungsvertrages in den USA an

03. Dezember 2021, 07:03

Aktueller Webcast

Deutsche Konsum REIT-AG

FY 2020/2021 Financial Results

16. Dezember 2021

Aktuelle Research-Studie

CEWE Stiftung & Co. KGaA

Original-Research: CEWE Stiftung & Co. KGaA (von GSC Research GmbH): Kaufen

02. Dezember 2021