New: Our business partner Teleflex is selling its subdivision to Kongsberg Automotive ASA

Date: 17 march 2008

Our business partner Teleflex negotiated with Kongsberg Automotive ASA about selling its industrial cable subdivision.

In our opinion, this has to positively influence situation on the Russian cable market in industrial automobile sector, as Kongsberg Automotive ASA specializes in this area and pays much attention to the automotive products.

From Kora Ltd. supplier’s point of view, sale of supplier’s subdivision will not change the relationship with Kora Ltd. Kora Ltd. will stay an official dealer of industrial products on the markets of Russia, Ukraine, Kazakhstan and Byelorussia.

Kongsberg Automotive ASA official web site: www.kongsbergautomotive.com