STOCKHOLM, Sweden, March 31, 2003 (PRIMEZONE) -- Sapa (Other OTC:SPKKF) continues its expansion in China. The Swedish subsidiary Sapa Profiler AB opens a new business to supply high-quality components in Shanghai. The investment is initiated immediately and Sapa Profiles (Shanghai) Ltd. is scheduled to be active from the turn of the year 2003/2004. The company will initially occupy around 20 employees.
The expansion is a natural step in Sapa's strategy to grow also outside Europe. China is a strategic market with a large growth potential.
"When our customers become more global, we want to follow them to be able to supply value-added aluminium profiles on the spot," said Arne Rengstedt, MD at Sapa Profiler AB.
David Littler has been appointed the new MD for Sapa Profiles (Shanghai) Ltd. David Littler comes from Sapa Heat Transfer in Shanghai. Sapa Heat Transfer manufactures heat exchange strip for the global automotive industry and has been present in China since 1998.
For further information, please contact: Eva Ekselius, Communications Manager Sapa Profiler AB telephone +46-383-942 89.
Sapa is an international industrial group, which develops and markets value-added aluminium profiles, profile-based components and systems, and heat exchanger strip in aluminium. Sapa has an annual turnover of approximately 11 billion SEK, with 6,500 employees all over Europe and in USA and China. Sapa is one of Europe's leading companies within its field and the customers are found in the transport, building, engineering and telecom industries. Sapa is listed on the O-list of Stockholmsborsen.
Further information about Sapa can be found on our web site www.sapagroup.com
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