Brief: Duroc Unit IFG Restructures Production Capacity

Duroc AB

17/02/2021 08:05

Feb 17 (Reuters) - Duroc AB  DURCb.ST :
    * IFG FOCUSES ON NICHE PRODUCTS AND REDUCES PRODUCTION
CAPACITY IN
ENGLAND
    * UNIT INTERNATIONAL FIBRES GROUP (IFG) IS STRENGTHENING ITS
FOCUS
ON NICHE PRODUCTS WITH HIGHER GROWTH POTENTIAL IN ACCORDANCE
WITH GROUP'S STRATEGIC PLAN
    * PRODUCTION CAPACITY IS BEING RESTRUCTURED AND STREAMLINED
    * PRODUCTION FACILITY IN DRIGHLINGTON WILL BE CLOSED DOWN
    * PARTS OF PRODUCTION WILL BE MOVED TO OTHER PRODUCTION
FACILITIES
IN EUROPE
    * IMPLEMENTATION IS ESTIMATED TO ENTAIL NON-RECURRING COSTS
OF
APPROXIMATELY SEK 30 MILLION
    * REARRANGEMENT IS EXPECTED TO LEAD TO AN ANNUAL PROFIT
IMPROVEMENT OF APPROXIMATELY SEK 10 MILLION AND ALSO LEAD TO
IMPROVED LONG-TERM STABILITY WITHIN IFG

Source text for Eikon:  ID:nWkr1cHd8M 
Further company coverage:  DURCb.ST 

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