UPDATE 1-Philips sells car plastics unit to Helvoet

Newswire

(Adds Helvoet statement) AMSTERDAM, Jan 31 (Reuters) - Philips Electronics said on Monday it had agreed to sell its Belgium-based High Tech Plastics (HTP) Automotive unit with 550 employees to Dutch firm Helvoet Holding. Following the deal, Helvoet will employ 950 staff and will continue under the name of Helvoet Rubber & Plastic Technologies. "Almost all cars manufactured in Europe and the United States contain components from Philips HTP Automotive. It supplies about 35 percent ...

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