August 29, 2011  | 
Press release

Haldex establishes platform for further growth in Brazil

Haldex do Brazil is preparing for growth in the South American markets in the years to come. In order to take advantage of this opportunity Haldex has decided to develop a new facility in São José dos Campos.

The activities in São Paulo and Flores da Cunha are going to be moved starting in December 2011 and the activities at the present Rio de Janeiro site starting January 2012. The project is planned to be finalized by February 2012. Projects costs will be covered by the improved cost structure from the centralized operations.

For further information, please contact:
Jay C. Longbottom, CEO and President, Haldex AB
Kristina Brink, Corporate Communications Manager, +46 (0) 418 476188 or +46 (0) 705 909140

Haldex (www.haldex.com (http://www.haldex.com/)), headquartered in Landskrona, Sweden, is a provider of proprietary and innovative solutions to the global commercial vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock Exchange and had net sales of nearly 3.7 billion SEK in 2010. The number of employees amounts to about 2,200.

Haldex AB (publ) is required to publish the above information under the Swedish Financial Instruments Trading Act. The information was submitted for publication on August 29, 2011 at 8.30 am CET.