Roechling Automotive has entered into an agreement with Japanese automotive supplier, Kasai Kogyo to sell its plant in Wolfsburg-Hattorf for an undisclosed price.
The 13,000 square metre plant in Wolfsburg-Hattorf, built in 2001, produces door and side panels for automobiles. However, Roechling Automotive has increasingly focused on systems and components for aerodynamics, propulsion and new mobility in recent years.
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The sale of the plant concludes a process started by the plastics specialist in 2011. “We are investing the proceeds in new mobility,” said Erwin Doll, Vice-chairman of the Roechling Group and responsible for the Automotive division.
“We stand by our responsibility to all employees. This is why a long-term perspective for the plant was important to us. With Kasai Kogyo, we have found a company to be the right partner.”
No job losses are anticipated.
Roechling Automotive belongs to the Mannheim-based Roechling Group with more than 9,700 employees at 90 locations worldwide.
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