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India

STS Group To Close French Plant


Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - STS Group AG ::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. 

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