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Xerium Technologies Inc announces planned closure of European Rolls facility


Thursday, 9 Jan 2014 04:18pm EST 

Xerium Technologies Inc:Says that it has initiated consultation proceedings with the works council at its rolls facility in Heidenheim, Germany.Says production after a closure would be transferred to the company's remaining rolls facilities in Europe where there is sufficient capacity to handle Heidenheim's order volume.Says due to the nature of the proceedings with the local works council, the company is not able to provide an estimate of the anticipated restructuring expenses at this time, but does expect permanent annualized cost savings of $2.1 million from this action. 

Company Quote

13.33
-0.05 -0.37%
3:45pm EDT