Sandvik Machining Solutions says that it is considering the possible closure of the manufacturing facility in Fondettes, France, whilst relocating the produced volumes to other facilities within Sandvik Machining Solutions. The planned action would generate savings at an annual run-rate of an estimated SEK 100 million.
The company says that operating profit for the fourth quarter of 2018 would be impacted by items affecting comparability of an estimated -450 million SEK, with cash flow effect of an estimated -400 million SEK.
This story is reprinted from material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
