Brief: Nolato To Close A Production Plant In Portsmouth, UK
09/01/2020 14:04
Jan 9 (Reuters) - Nolato AB NOLAb.ST :
* NOLATO OPTIMISES PRODUCTION AT ITS UK BUSINESS
* NOLATO AB - COST OF CLOSURE IS ESTIMATED TO BE
APPROXIMATELY SEK
35 MILLION
* NOLATO AB - ONE OF COMPANY'S PRODUCTION PLANTS, LOCATED IN
PORTSMOUTH, BEING CLOSED BY DECEMBER 2020
* NOLATO AB - JUST OVER HALF OF COSTS WILL BE RECOGNISED IN
ACCOUNTS FOR Q4 OF 2019 AND REMAINDER IN Q1 OF 2020
* NOLATO AB - MUCH OF CUSTOMER BASE WILL BE TRANSFERRED TO
NOLATO'S PRODUCTION FACILITY IN NEWCASTLE
Source text for Eikon: ID:nWkr8B09Qq
Further company coverage: NOLAb.ST
(Gdansk Newsroom)
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