Nov 5, 2009

Ad-hoc Disclosure SIMONA AG

SIMONA confirms closure of Würdinghausen site

Kirn, 5/11/09. SIMONA AG has reached a decision to close its Würding-hausen production facility at the earliest possible date due to significant losses incurred by the plant. Prior to making its decision, the company had entered into intensive and substantive negotiations with both the works council and the trade union; these efforts also included the involvement of an independent appraiser. The closure will affect 78 members of staff re-sponsible for producing pressed sheets, profiles and finished parts at the facility, mainly for customers operating within the mechanical engineering and transport systems sector.

The product range manufactured at the company's plant in Würdinghausen will be integrated into other existing SIMONA sites. SIMONA is currently in negotiations with the works council and trade union concerning a recon-ciliation of interests as well as a redundancy and retraining plan.
 
This ad hoc announcement supplements the ad hoc announcement issued on 13 August 2009.

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