Roblon completes divestment of US subsidiary
For some time, Roblon’s US subsidiary has been adversely affected by the market conditions in the FOC industry. Roblon’s US subsidiary has been exposed to growing competition over the latest years, especially from overseas competitors in India and China. Despite substantial investments in increasing production capacity and productivity-enhancing initiatives in Roblon’s US subsidiary, Management finds no basis for continuing activities in the US FOC market.
After the divestment of the US subsidiary, Roblon maintains a strong presence in industries with significant growth potential for high-performance fiber solutions. Roblon’s defined primary market is growing, boosted by the current and future expansion of international digitalisation and energy grid infrastructure.
With our strong manufacturing setup in the Czech Republic, our position and ambitions for serving our key accounts in the EMEA region in the FOC industry and within Converting Services are unchanged. The FOC industry is due to the roll-out of infrastructure to support an expansion of telecommunications, including 5G, expected to grow significantly in the future.
In the Offshore oil and gas industry, Roblon has for several years been a supplier of various types of coated high-strength products used as strength members in oil pipes in connection with offshore oil and gas drilling and exploration.
In latest years, Roblon has intensified the focus on the Energy transmission industry with strengthened product development and sales resources. Electrification will lead to significant growth in this industry, and in various applications such as submarine cables, Roblon’s competence within developing synthetic solutions as replacement of steel is expected to strengthen the company in the coming years.
