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Polytec Sells the Interior Segment to the Toyota Group

Published: June 9, 2011; 20:34 · (Vindobona)

The Austrian component supplier divests a business segment due to high competitive pressure. The buyer is Toyota Boshoku Europe.

Polytec Sells the Interior Segment to the Toyota Group / Picture: © Polytec

The Executive Board of Polytec decided to sell the interior segment regardless of the existing technological expertise in this area. The key motivation for this strategic decision was the unpromising perspective to reach a global footprint in a market that features high competitive pressure through a selective group of competitors with a global presence. After examination of all…

This article includes a total of 273 words.

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