Sandvik considers further production footprint consolidation
Published by John Williams,
Editorial Assistant
Global Mining Review,
Sandvik Machining Solutions has decided to review the potential closure of a production plant for round tools within the Walter division in Frankfurt, Germany. Production volumes would be transferred to other units within Sandvik Machining Solutions.
The envisaged closure would be expected to be finalised by mid-2021 with full run rate of net savings of approximately SEK110 million. Costs related to the restructuring, amounting to approximately SEK-365 million, will impact Sandvik Machining Solutions’ operating profit in 1Q20, with the majority impacting cash flow.
Read the article online at: https://www.globalminingreview.com/environment-sustainability/21012020/sandvik-considers-further-production-footprint-consolidation/
You might also like
BASF and FUCHS announce cooperation to serve the Australian mining industry
BASF and FUCHS have entered into a cooperation agreement in Australia aiming to leverage the strengths of both companies to better serve the Australian mining industry.
