Polytec Sells Interior Business

IndustrialsAutomotive ♦ Published: December 27, 2011; 17:51 ♦ (Vindobona)

The Austrian automotive component manufacturer sells its Spain-based interior segment. Results for 2011 are confirmed.

Polytec Sells Interior Business / Picture: © Polytec

Polytec said it signed an agreement about the sale of the Zaragozaplant to Celulosa Fabril S.A. The sale of the Zaragoza plant to Celulosa Fabril S.A is the final step in the exit from the interior business. In 2011 the plant will achieve total sales of approx. € 30m with 90 employees. The sale is justified with the “low perspectives for an essential global positioning and the…