RHJ International (the “Company”) announces today that its portfolio company, Honsel, issued a release announcing that it has taken action to cope with the consequences of a signifi-cant decline in its sales volume.
An English translation of the document published today by Honsel is attached.
Honsel is one of the world's leading producers of light-metal components with primary focus on the automotive in-dustry. The company develops and manufactures aluminium and magnesium products using the casting, extruding and rolling processes for engine, transmission, suspension and car body of passenger cars and commercial vehi-cles. Additionally, the company supplies products for engineering and other applications. Components and solutions from Honsel reduce vehicle weights, fuel consumption and emissions, thus contributing to environmental protection. Founded in 1908, Honsel has become a development partner and systems supplier for the worldwide automotive industry and has facilities in Germany, France, Romania, Spain, Brazil and Mexico. In the fiscal year 2007/08 about 5.000 employees achieved a total turnover of almost 900 million Euros.
The Company currently holds approximately 82% ownership of Honsel.
DISCLAIMER This announcement does not constitute an offer or invitation to purchase any securities.
FORWARD-LOOKING STATEMENTS The attached announcement contains forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on the current plans, estimates and projections of Honsel International Technologies, as well as on its expectations of external conditions and events. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Neither the Company nor Honsel International Technologies undertakes to update any of the statements in light of new information or future events, except to the extent required by applicable law.
For further information, please contact:
Arnaud DENIS Investor Relations Director RHJ International e-mail : adenis@rhji.com
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Fiscal Year Ended March 31, 2010
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