Schoeller-Bleckmann to shift production capacity from Mexico and Britain

SBO AG

19/03/2019 07:44

VIENNA, March 19 (Reuters) - Oilfield equipment producer
Schoeller-Bleckmann (SBO)  SBOE.VI  said it will close
production sites in Mexico and Britain and relocate the
capacities of these sites to Vietnam, Austria and the United
States in a move to become more efficient.    
    SBO, which reported its first full-year net profit in four
years on Tuesday, said it expected its international business to
continue its growth trend in 2019.
    Its North American business, which generates more than half
of revenue, "should at least show stability based on the
activity figures at the beginning of the year", the group said
in its annual report.

 (Reporting by Kirsti Knolle
Editing by Riham Alkousaa)
 ((kirsti.knolle@thomsonreuters.com; +43 1 53112 255; Reuters
Messaging: kirsti.knolle.thomsonreuters.com@reuters.net    
www.reuters.com))