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Visiocorp completes consolidation of German fuel filler flaps and door handle business |
- Wedemark production site to be moved to Hattorf (Lower Saxony)
- Integration of former Engelmann Group into Visiocorp completed according to plan
Portchester (April 23, 2008) Visiocorp plc, the UK-based, leading global supplier of mirrors to the automotive industry, today announced the consolidation of its fuel filler flaps and door handle businesses in Germany. The Wedemark-Plant will be closed as from 1 July 2008 and operations will be moved to the Hattorf plant. Former Schefenacker AG (today Visiocorp) had acquired both plants with the acquisition of the insolvent Engelmann Group in May 2006.
“With the merger of our operations in Northern Germany we are closer to our key customers in the region, will be able to secure and optimize the foundation of our business and thus employment at Visiocorp and to complete the best possible integration of the former Engelmann businesses into the Visiocorp Group��?, said Ulrich Bruhnke, CEO of Visiocorp Plc.
Visiocorp Automotive GmbH in Hattorf and Wedemark produces fuel filler flaps and door handles for the automotive industry. Visiocorp will make significant investments into the Hattorf site with currently around 100 employees to reorganise the business and improve operations and so to secure the future of the business in the long term.
Visiocorp Automotive employees based in Wedemark will be offered employment at the newly organised Hattorf site. In the meantime Visiocorp management has entered negotiations with the workers’ council responsible for both Visiocorp plants regarding the transfer, conducted in a goal-oriented and constructive manner. Visiocorp as well as the workers’ council are confident to lead these talks to a successful conclusion for all parties involved within the next few weeks.
By moving its operations exclusively to the more modern Hattorf site, Visiocorp enters the next phase of the company’s realignment and future strategy as agreed in the course of the takeover and financial restructuring of the former Engelmann plants.
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