Edition:
United States

Essity says will close U.S. production facility


Tuesday, 18 Sep 2018 11:50am EDT 

Sept 18 (Reuters) - Essity AB (publ) ::ESSITY CONTINUES THE OPTIMIZATION OF ITS PRODUCTION IN THE UNITED STATES.TO FURTHER INCREASE EFFICIENCY OF PROFESSIONAL HYGIENE BUSINESS, CO CLOSING CONVERTING FACILITY IN BELLEMONT, ARIZONA, UNITED STATES.PRODUCTION WILL BE REALLOCATED TO OTHER ESSITY PRODUCTION FACILITIES IN UNITED STATES.RESTRUCTURING COSTS EXPECTED TO AMOUNT TO ABOUT SEK 150 MILLION, IS EXPECTED TO BE RECOGNIZED AS ITEM AFFECTING COMPARABILITY IN Q3 2018.APPROXIMATELY SEK 30M OF RESTRUCTURING COSTS ARE EXPECTED TO IMPACT CASH FLOW.SAYS TO FURTHER INCREASE EFFICIENCY OF PROFESSIONAL HYGIENE BUSINESS, ESSITY IS CLOSING ITS CONVERTING FACILITY IN BELLEMONT, ARIZONA, UNITED STATES.SAYS CLOSURE WILL BE COMPLETED IN SECOND HALF OF 2019 WITHOUT ANY DISRUPTION TO CUSTOMERS.SAYS PRODUCTION WILL BE REALLOCATED TO OTHER ESSITY PRODUCTION FACILITIES IN UNITED STATES..SAYS RESTRUCTURING COSTS ARE EXPECTED TO AMOUNT TO APPROXIMATELY SEK 150M WHICH IS EXPECTED TO BE RECOGNIZED AS AN ITEM AFFECTING COMPARABILITY IN Q3 OF 2018.SAYS APPROXIMATELY SEK 30M OF RESTRUCTURING COSTS ARE EXPECTED TO IMPACT CASH FLOW.. 

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