SOURCE: Hoganas

November 08, 2007 03:45 ET

HÖGANÄS AB (publ): Senior Vice President Per Engdahl to take up the responsibility for Asia

HOGANAS, SWEDEN--(Marketwire - November 8, 2007) -

Höganäs AB today announces that Per Engdahl will take up the position as responsible for the Höganäs Asia Region from the 1st of January 2008. The Höganäs subsidiaries in Japan, China, Taiwan, South Korea and the markets in South East Asia are included in the region.

Per Engdahl is currently Vice President Business Development and Sales for the Höganäs Group. Mr Engdahl joined Höganäs in 1985 and has held several managerial positions on different levels, mainly within the areas of Sales & Marketing and R&D. Mr Engdahl has been member of the management of the Höganäs Group since 1990 and holds a degree of M.Sc. in metallurgy from the Royal Institute of Technology in Stockholm.

Commenting on the appointment, Alrik Danielson, Chief Executive Officer of Höganäs AB, said:

"Asia is very important to Höganäs. By bringing the Asian subsidiaries and markets closer together, we are increasing our commitment and our ability to support our customers. Per is an excellent leader and one of my closest aids. He knows Höganäs and the Höganäs business extremely well. We already have excellent people in the region and now we also have the leadership and the structure in place to take Höganäs to a new level in Asia."

Per Engdahl commented: "Asia is today the world's largest and most fast-growing market for Metal Powders. Höganäs has since decades a strong position based on a long-term commitment to develop this market. I am very much looking forward to continuing the work to strengthen customer relationships and to develop Höganäs in Asia, based on our unique competence and knowledge". ________________________________________________________________

HÖGANÄS AB (publ) Corporate Communications

Höganäs, Sweden, 8 November 2007

This is information that Höganäs AB (publ) may be obligated to make public according to the Swedish Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 09.00 on 8 November 2007.

Höganäs was founded in 1797 and is today a leader within the iron and metal powder industry. End products are mainly used by the automotive industry and home appliances, lawn and garden and hand-tools. In 2006 the turnover was MSEK 5 123 (4 594) and income before tax MSEK 525 (408). Höganäs is listed on the OMX Nordic Exchange Stockholm's Mid Cap list.

For further information please visit our website

Höganäs AB (publ), SE-263 83 Höganäs, Sweden
tel +46 (0)42 33 80 00 fax +46 (0)42 33 83 60

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