Brief: Rottneros To Wind Down Production Of Grinding Compound

Rottneros AB

16/08/2022 07:14

Aug 16 (Reuters) - Rottneros AB  RROS.ST :
    * ROTTNERO'S BOARD HAS DECIDED TO WIND DOWN PRODUCTION OF
GRINDING
COMPOUND AT ROTTNERO'S MILL BECAUSE CONDITIONS FOR LONG-TERM
SUSTAINABLE PROFITABILITY ARE LACKING
    * DECISION MEANS THAT ABOUT 40 PEOPLE WILL BE NOTIFIED OF
DISMISSAL
    * COST OF THE DECOMMISSIONING IS EXPECTED TO AMOUNT TO ABOUT
SEK
60 MILLION AND PRODUCTION IS EXPECTED TO CEASE AT TURN OF YEAR
    * AT THE SAME TIME, GROUP PLANS TO INVEST SEK 160 - 200
MILLION TO
ACHIEVE SIGNIFICANTLY INCREASED CAPACITY AND PRODUCTION IN THE
MILL'S CTMP LINE

Source text for Eikon:  ID:nWkr1rRmK7 
Further company coverage:  RROS.ST 

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