KENDRION N.V. 
By The General Court of the European Union in Luxembourg has announced that it will deliver its judgement at 9.15 a.m. on 16 November 2011 in the case brought by Kendrion N.V. (case number T-54/06) against the fine of EUR 34 million (excluding interest). This fine was imposed on 30 November 2005 by the European Commission on Kendrion N.V. for the infringement of European competition rules by its former subsidiary Fardem Packaging B.V. Judgement will also be delivered at the same time in the case brought by Fardem Packaging B.V. itself.
Profile of Kendrion N.V.
Kendrion N.V., a solution provider, develops, manufactures
and markets innovative high-quality electromagnetic systems
and components for customers all over the world.
Kendrion's operations are carried out by four business
units focused on specific market segments, namely Industrial
Magnetic Systems, Industrial Drive Systems, Passenger Car
Systems and Commercial Vehicle Systems.
Kendrion has leading positions in a number of
business-to-business niche markets. Germany is
Kendrion's main market, although other countries are
becoming increasingly important.
Kendrion's activities
Kendrion develops advanced electromagnetic solutions for
industrial applications. These are used by customers all over
the world in systems such as lifts, door-locking systems,
industrial
robots, medical equipment, electrical switchbox systems,
diesel engines, air-conditioning installations, motor cooling
systems and beverage dispensers. Kendrion's key
customers
include a.o. Bosch, Siemens, Daimler, Continental, Delphi,
Evobus, Hyundai and Yutong.
Kendrion's shares are listed on NYSE Euronext's
Amsterdam market.
Zeist, 31 October 2011
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The Board
Piet Veenema - Chief Executive Officer
Eiko Ris - Chief Financial Officer
Heinz Freitag - Chief Operating Officer
Kendrion N.V. Mr P. Veenema Utrechtseweg 33
3704 HA ZEIST
THE NETHERLANDS
Tel: +31 - 30 - 699.72.68
Fax: +31 - 30 - 695.11.65
Website: www.kendrion.com
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