Brief: Catana Group Shuts Down Almost All Activities At Its French Plants

Catana SA

18/03/2020 06:48

March 18 (Reuters) - Catana Group SA  CATGR.PA :
    * CATANA GROUP: IMPLEMENTATION OF PREVENTIVE HEALTH MEASURES
    * ON CORONAVIRUS: MANAGEMENT HAS NOTED THAT ALL CONDITIONS
WERE NO
LONGER MET TO PROTECT HEALTH OF ITS EMPLOYEES IN ITS FRENCH
PLANTS
    * ON CORONAVIRUS: AS A RESULT, MANAGEMENT DECIDED ON MONDAY
AFTERNOON TO SHUT DOWN ALMOST ALL ACTIVITIES AT ITS FRENCH
PLANTS
    * TO DATE, ONLY THE ACTIVITY OF THE HACO SUBSIDIARY'S
TUNISIAN
PLANT REMAINS UNCHANGED
    * THIS MEASURE WILL REMAIN EFFECTIVE UNTIL SANITARY
CONDITIONS
ALLOW RETURN IN A SECURE ENVIRONMENT FOR EMPLOYEES, AND IN LINE
WITH FRENCH GOVERNMENT DIRECTIVES
    * IN THIS CONTEXT, AND IN VIEW OF THE UNCERTAINTY AS TO HOW
LONG
IT WILL TAKE TO CLOSE THE PLANTS, THE OUTLOOK FOR VERY STRONG
GROWTH IN THE GROUP'S ORDER BOOK WILL BE REVISED DOWNWARDS
    * MANAGEMENT WILL NOT HESITATE TO USE ALL LEVERS PROPOSED IN
GOVERNMENT PLAN IN ORDER TO MAINTAIN MEANS TO PURSUE DYNAMIC OF
INNOVATION AND NOVELTY

Source text for Eikon:  ID:nGNE3MJ1Pz 
Further company coverage:  CATGR.PA 

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