Brief: ZF Steering Gear (India) Declares Block-Closure Of Plant Situated At Village Vadu Budruk From Dec 29 To Jan 1, 2020

Z F Steering Gear (India)

16/12/2019 07:37

Dec 16 (Reuters) - ZF Steering Gear (India) Ltd  ZFST.BO :
    * ZF STEERING GEAR (INDIA) -DECLARED A BLOCK-CLOSURE OF ITS
PLANT
SITUATED AT VILLAGE VADU BUDRUK, PUNE, FROM DECEMBER 29,2019 TO
JANUARY 1,2020
    * ZF STEERING GEAR (INDIA) LTD SAYS DEMAND OUTLOOK FOR THE
COMMERCIAL VEHICLE CONTINUES TO BE WEAK.
    * ZF STEERING GEAR (INDIA)- BLOCK-CLOSURE OF PLANT OWING TO
WEAK
DEMAND & IN ORDER TO ALIGN PRODUCTION WITH ACTUAL CONTRACTED
DEMAND FOR CO'S PRODUCTS

Source text for Eikon:  ID:nBSE5K9Zct 
Further company coverage:  ZFST.BO 

 ((Reuters.Briefs@thomsonreuters.com;))