ESSYY - Essity Continues the Optimization of its Production in the United States
STOCKHOLM, Sept. 18, 2018 /PRNewswire/ --
To further increase the efficiency of the Professional Hygiene business, Essity is closing its converting facility in Bellemont, Arizona, United States.
The closure will be completed in the second half of 2019 without any disruption to customers. Production will be reallocated to other Essity production facilities in the United States. The measures are aligned with the company's strategy to optimize the production footprint to improve cost and capital efficiency and further increase value creation in the Professional Hygiene business area.
The restructuring costs are expected to amount to approximately SEK 150m which is expected to be recognized as an item affecting comparability in the third quarter of 2018. Approximately SEK 30m of the restructuring costs are expected to impact cash flow.
For further information, please contact:
Per Lorentz, Vice President Corporate Communications, +46-8-788-52-51, per.lorentz@essity.com
Johan Karlsson, Vice President Investor Relations, +46-8-788-51-30, johan.ir.karlsson@essity.com
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SOURCE Essity