Valeo Reorganizes Lighting Business In Spain

Autoparts Report, Dec 19, 2002

Valeo Illuminacion S.A., a Spanish subsidiary of Valeo, said that it is planning to consolidate its lighting activities in Spain in order to ensure the future competitiveness of the business. The restructuring will entail the transfer of all production from the plant in Sant Esteve Sesrovires near Barcelona, which employs 261 people, to the facility in Martos, near Jaen in Southern Spain, the company said. The facility in Martos currently employs 1,778 people and produces lighting systems.

The consolidation will result in the subsequent closure of the Sant Esteve Sesrovires plant. This action is part of Valeo's ongoing restructuring program, it added.