Trelleborg's shake-up will continue.(company undertakes restucturing program to improve profits)

Byline: Jens Meiners

Trelleborg could sell off parts of its loss-making automotive division.

"There are some major parts of the business where we are [analyzing] whether we should remain or not," Trelleborg CEO Peter Nilsson said during a telephone press conference last week.

The Swedish engineering company reported that 2006 sales rose 13 percent to 27.28 billion kronor ([euro]2.96 billion) but operating profit slipped 15.3 percent to 1.5 billion kronor. Much of the loss came from its automotive division, where operating profit plunged 54.6 percent to 214 ...