Sapa invests to double the capacity in China

Sapa invests to double the capacity in China

Sapa invests 430 MSEK to extend the production capacity for the production of
heat exchanger strip at the Sapa Heat Transfer Shanghai plant. The investment
will almost double the production capacity to 80,000 tonnes per year and the
investment includes both property and machinery.

The project is initiated immediately with planning and procurement. The
investment also takes into consideration future demands for heat exchanger
material. It will also lead to an increase in efficiency at the heat transfer
plant in Shanghai.

”We expect a continuing positive growth in China and Asia. Especially the
automotive industry in China is developing very well”, says Michael Mononen,
Vice President, Heat Transfer. “The investment is a natural step in our
continuing focus to support the heat exchanger industry globally.” 

The investment is scheduled to be in operation in 2010.

For further information please contact Michael Mononen, Vice President, Heat
Transfer, telephone: +46-8-459 59 00, +46 705 857269.

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 a turnover of approximately 35 billion
SEK, with 15,000 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 part of
Norwegian Orkla, listed on the Oslo Exchange. 

Further information about Sapa can be found on our web site www.sapagroup.com