Lindab takes action to strengthen profitability within the Ventilation business area

Lindab is closing a small operation in Texas, USA, and is also continuing to
centralise its European production of labour intensive products in Karlovarska,
Czech Republic.
 
Lindab Ventilation will close manufacturing operations in Texas, USA, by the end
of September. In future, the operations at the central facility in Portsmouth,
Virginia will supply all of Lindab's US market. The Texas unit has mainly
produced large, customised components. The closure affects 20 people. The annual
cost savings are estimated at SEK 9 million and will take effect from the fourth
quarter of 2010. The one-off cost for the closure will affect the third quarter
and will amount to approximately SEK 8 million.
 
Lindab has entered a rental agreement for a new factory tailor made for Lindab's
production. The factory is directly adjacent to Lindab's existing large
production facility for Ventilation in Karlovarska, outside Prague. The rental
of this new factory provides 10,000 m(2) space for further centralisation and
more efficient production of labour intensive ventilation products, such as
indoor climate products (Comfort). The new facility is expected to be
operational in the second quarter of 2011.
 
President and CEO David Brodetsky comments, "To improve profitability within the
Ventilation business area is a focus area for Lindab, which we communicated at
our Investor Day in June. By closing unprofitable operations in Texas and
continuing to centralise parts of our production in Europe, we are taking two
further important steps in that direction."
 
End
 
The information here is that which Lindab International AB has willingly chosen
to make public or that which it is obliged to make public according to the
Swedish Securities Market Act and/or the Financial Instruments Trading Act.
 
Contacts:
 
LINDAB
 
David Brodetsky, CEO
 
Email: david.brodetsky@lindab.com
 
Mobile: +46 (0)73 274 5418
 
Nils-Johan Andersson, CFO
 
Email: nils-johan.andersson@lindab.com
 
Mobile:+46 (0)70 668 5075
 
Lindab - A Ventilation and Building Products company:
 
Lindab develops, manufactures, markets and distributes products and system
solutions primarily in steel for simplified construction and improved indoor
climate.
 
The business is carried out within three business areas, Ventilation, Building
Components and Building Systems. The products are characterised by their high
quality, ease of assembly, energy efficiency, consideration towards the
environment, and are delivered with high levels of service. Altogether, this
increases customer value.
 
The Group had net sales of SEK 7,019 m in 2009, was established in 31 countries
and had approximately 4,500 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential accounts
for 20 percent of sales. During 2009, the Nordic market accounted for 42
percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet
states) for 21 percent, Western Europe for 32 percent and other markets for 5
percent of total sales.
 
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Large Cap,
under the ticker symbol LIAB. The principal shareholders are Ratos, Sjätte
AP-fonden and Skandia Liv. For more information visit www.lindabgroup.com
 
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Source: Lindab International AB via Thomson Reuters ONE