WINTERTHUR, Switzerland, June 22, 2017-

Due to ongoing economic weakness Autoneum has for several years been confronted with in the South American market generally and the Brazilian automobile market in particular, the Company has sold its production facility in Betim (State of Minas Gerais), Brazil, to automotive supplier STS. Adjustment of production capacity in South America is part of the Company’s consistent strategy implementation which is oriented toward profitable growth. In closing the deal in the second half of 2017, STS is taking over the plant with its 90 employees and will continue to supply the existing customer base.

Autoneum continues manufacturing multifunctional components for acoustic and thermal management for international vehicle manufacturers at its three remaining Brazilian plants in Gravataí, São Paulo and Taubaté as well as in Córdoba, Argentina.

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