Edition:
India

Adidas Discontinues Production At Speedfactories in Germany, U.S.


Monday, 11 Nov 2019 

Nov 11 (Reuters) - Adidas AG ::ADIDAS DEPLOYS SPEEDFACTORY TECHNOLOGY AT ASIAN SUPPLIERS BY END OF 2019.PRODUCTION AT THE ANSBACH AND ATLANTA SPEEDFACTORIES WILL BE DISCONTINUED.STARTING AT THE END OF THIS YEAR, ADIDAS WILL USE ITS SPEEDFACTORY TECHNOLOGIES TO PRODUCE ATHLETIC FOOTWEAR AT TWO OF ITS SUPPLIERS IN ASIA.COMPANY EXPECTS THIS TO RESULT IN BETTER UTILIZATION OF EXISTING PRODUCTION CAPACITY AND MORE FLEXIBILITY IN PRODUCT DESIGN. 

Company Quote

280.0
-0.5 -0.18%
23 Nov 2020