Brief: STS Group To Close French Plant

STS AG

10/12/2019 16:40

Dec 10 (Reuters) - STS Group AG  SF3.DE :
    * STS GROUP AG - IMPLEMENTS CONCRETE MEASURES AS PART OF ITS
EFFICIENCY IMPROVEMENT PROGRAMME
    * STS GROUP AG - IT IS PLANNED TO CLOSE A FRENCH PLANT AND
RELOCATE EXISTING PROJECTS TO OTHER FRENCH STS PRODUCTION SITES.
    * STS GROUP AG - AT CONCERNED PLANT, STS CURRENTLY EMPLOYS
AROUND
80 STAFF AND GENERATES A REVENUE OF AROUND 15 MEUR.
    * STS GROUP AG - CLOSURE WOULD LEAD TO A REDUCTION OF FIXED
COSTS,
ALLOWING SAVINGS TO BE ACHIEVED IN PLASTICS SEGMENT ALREADY IN
FINANCIAL YEAR 2020
    * STS GROUP AG - CONFIRMS ITS FORECAST FOR FINANCIAL YEAR
2019

Source text for Eikon:  ID:nEQ66960Fa 
Further company coverage:  SF3.DE 

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