Edition:
United States

Essity To Strengthen The Professional Hygiene Business In Europe


Thursday, 22 Feb 2018 04:00am EST 

Feb 22 (Reuters) - Essity Ab (Publ) ::ESSITY TO STRENGTHEN THE PROFESSIONAL HYGIENE BUSINESS IN EUROPE.‍TO INVEST IN CREATING A CENTER FOR NAPKIN PRODUCTION IN EXISTING PRODUCTION FACILITY IN ALTOPASCIO​.RESTRUCTURING MEASURES INCLUDE CLOSURE OF A CONVERTING PRODUCTION FACILITY IN HLOHOVEC, SLOVAKIA, IN 2020.‍INVESTMENT IN ALTOPASCIO WILL LEAD TO RESTRUCTURING MEASURES AT MULTIPLE PRODUCTION FACILITIES ACROSS EUROPE​.‍HAS DECIDED TO INVEST IN CREATING A CENTER FOR NAPKIN PRODUCTION IN EXISTING PRODUCTION FACILITY IN ALTOPASCIO, ITALY​.‍RESTRUCTURING MEASURES INCLUDE CLOSURE OF A CONVERTING PRODUCTION FACILITY IN HLOHOVEC, SLOVAKIA, IN 2020.​.‍TOTAL INVESTMENTS WILL AMOUNT TO APPROXIMATELY SEK 590M​.‍RESTRUCTURING COSTS WILL AMOUNT TO APPROXIMATELY SEK 580M​.APPROXIMATELY SEK 410M OF THESE COSTS ARE EXPECTED TO IMPACT CASH FLOW..‍COSTS WILL BE RECOGNIZED AS AN ITEM AFFECTING COMPARABILITY​.‍SEK 350M ARE EXPECTED TO IMPACT Q1 OF 2018 AND REMAINING COSTS ARE EXPECTED TO IMPACT Q2 OF 2018​. 

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