OREANDA-NEWS. After intense negotiations with a key client of RCT Hydraulic Tooling AG (RCT), a subsidiary of Accu Holding AG (Accu), the long-standing business relationship has been terminated by mutual agreement. Due to the significant exposure to this customer and continuing difficulties to turn RCT into a profitable business, alternative solutions or realignment of the company are exhausted. Accu is therefore evaluating to close down these unprofitable activities.

Accu had issued a letter of comfort and guarantees to RCT. Potential financial obligations for Accu are subject of the current examination. Closing this operational activity will cease a multiannual cash-absorbing manufacturing facility.

Andreas Kratzer
Accu Holding AG
Gerliswilstrasse 17
6020 Emmenbrücke

Telefon +41 44 318 88 00

Accu Holding AG - Company Profile

The Accu Holding AG is listed on the SIX Swiss Exchange with its headquarter in Emmenbrücke/Lucerne. It focuses on the two business areas 'Industrial Yarns' and 'Surface Technology' and investing in leading technology companies that operate in attractive market niches in Europe, Asia and America. Industrial yarns encompasses the development and manufacturing of yarns based on polymer and polyamide. These yarns are used in applications such as mechanical rubber goods (MRG) such as conveyor belts, hoses and transmission belts, as well as for the production of ropes and nets used for example in the manufacture of airbags and tires. The business unit of surface technology includes the equipment manufacturer of heat treatment and coating equipment and the operation of heat treatment shops and high-tech thin-coating centres of the latest generation. These high-quality products are manufactured in Europe and the US for niche markets in the automotive, aerospace, medical, petroleum, process and manufacturing industries.