Sept 18 (Reuters) - Solvay SA SOLB.BR:
IS TAKING MEASURES TO SECURE ITS LONG-TERM COMPETITIVENESS IN GERMANY
IS POSITIONING ITS BAD WIMPFEN SITE AS A GLOBAL HUB FOR NOCOLOKⓇ PRODUCTION, RESEARCH AND APPLICATION
PLANS TO ALLOCATE APPROXIMATELY EUR 25 MILLION - PRIMARILY IN 2026 - IN RESTRUCTURING EXPENSES AND STRATEGIC INVESTMENTS
WILL DISCONTINUE SELECTED PRODUCT LINES AT ITS BAD WIMPFEN SITE
MEASURES WILL RESULT IN A NET REDUCTION OF APPROXIMATELY 100 POSITIONS IN BAD WIMPFEN
RELOCATION OF NOCOLOK TECH CENTER, PRODUCTION OPERATIONS FROM GARBSEN TO BAD WIMPFEN
MEASURES WILL LEAD TO A NET REDUCTION OF AROUND 40 POSITIONS IN GARBSEN
GARBSEN SITE IS SCHEDULED TO CEASE OPERATIONS BY 2028
Source text: ID:nGNEc2JppK
Further company coverage: SOLB.BR
(Gdansk Newsroom)
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