Trelleborg, Sweden – Trelleborg is cutting its business areas to three from five and looking hard at performance in a reorganisation scheme, unveiled on 4 December.
The programme is designed to put underperforming businesses under the spotlight in a new segment: business under development. Several of its components could be closed or sold in the next two years unless their financial performance improves.
Trelleborg Coated Systems and Trelleborg Offshore & Construction business areas will be discontinued.
The following business units will continue:
Industrial Solutions, which makes polymer-based niche applications and infrastructure projects. This will gain the engineered coated fabrics operations of Trelleborg Coated Systems; Marine solutions and infrastructure projects of Trelleborg Offshore & Construction. Unspecified Industrial solutions operations will move to businesses under development.