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Complete take-over of business in Mexico


The Business Unit EMS-EFTEC expanded its leading market position as global automotive supplier and has taken over from its Mexican partner their 2/3 shareholding in the joint venture Grupo Placosa EFTEC S.A. de C.V., Mexico. With this complete take over, as of the beginning of July 2014, EMS-EFTEC intends to further expand its business in the growing Mexican market. The joint venture achieved net sales of CHF 32 million in 2013 and employs a work force of 154 people.


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