HELSINKI, FINLAND – Aspocomp announced year-to-date net sales of $ 111.3 million, a decrease of 31.3% year-over-year.

This includes a Chinese lower technology plant that was divested in April, the company reports. Sales at the Chinese plant picked up gradually and reached the reference quarter level in the July-September period. Sales fell noticeably at the Thai plant and remained on par with the reference period at the Oulu plant, Aspocomp says.

Net sales of its Salo plant waned because of a limited number of products and production ramp-down. The plant was closed in July.

On Nov. 8, Aspocomp announced it will transfer its subsidiaries in China and India, as well as certain equipment from the Salo plant to a new holding company.

Meadville Holdings Ltd. will purchase an 80% stake in the company and Aspocomp will remain a minority owner.

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