Brief: 5N Plus Inc - 5N Plus Belgium SA Intends To Halt Production At Manufacturing Facility In Tilly, Belgium And Proceed With Site's Closure

5N Plus

18/05/2022 12:29

May 18 (Reuters) - 5N Plus Inc  VNP.TO :
    * 5N PLUS INC - 5N PLUS BELGIUM SA INTENDS TO HALT PRODUCTION AT
MANUFACTURING
FACILITY IN TILLY, BELGIUM AND PROCEED WITH SITE'S CLOSURE
    * 5N PLUS INC - TILLY, BELGIUM SITE MANUFACTURES LEAD-BASED PRODUCTS AND
NITRATE
CHEMICALS AND EMPLOYS 68 PEOPLE
    * 5N PLUS INC - TILLY FACILITY HAS BEEN AN UNPROFITABLE AND HIGH-COST
OPERATION
FOR SEVERAL YEARS
    * 5N PLUS - EXPECTS TO BE ABLE TO IMPROVE FINANCIAL RESULTS. BOTTOM LINE BY
SHEDDING NEGATIVE EARNINGS, RELEASING WORKING CAPITAL, IMPROVING CASH FLOWS

Source text for Eikon:  ID:nCNWHK2G8a 
Further company coverage:  VNP.TO 

 ((Reuters.Briefs@thomsonreuters.com;))