Brief: Navigator To Reduce Paper Output And Stop Gradually And Temporarily Production In Some UWF Paper Machines

Navigator SA

22/04/2020 06:25

April 22 (Reuters) - Navigator Company SA  NVGR.LS :
    * REGISTERED A REDUCTION IN ORDER BOOK TO BE PRODUCED IN
APRIL AND
MAY, WITH CANCELLATIONS AND POSTPONEMENTS UNTIL END OF QUARTER
AND AFTER
    * HAS DECIDED TO REDUCE PAPER OUTPUT AND WILL STOP GRADUALLY
AND
TEMPORARILY PRODUCTION IN SOME UWF PAPER MACHINES
    * THE STOPPAGE WILL START ON APRIL 22ND AND IS CURRENTLY
ESTIMATED
TO LAST FOR A PERIOD OF 30 DAYS
    * THE STOPPAGE WILL RESULT IN A REDUCTION OF OUTPUT OF 700
TONS
PER DAY, POSSIBLY REACHING A MAXIMUM REDUCTION IN GLOBAL OUTPUT
OF ALMOST 2000 TONS PER DAY
    * THIS STOPPAGE WILL NOT IMPACT ON THE WORKER´S INCOME
    * PLANS TO MITIGATE THE EXPECTED DROP IN SALES WITH
IMPLEMENTATION
OF SEVERAL COST REDUCTION MEASURES AND  REVISION OF ITS CAPEX
PLAN FOR 2020

    
    
 Source text: https://bit.ly/3bv6hgy
    
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