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BRIEF-Nufarm to close manufacturing operations at Calgary

Published 2015-11-23, 04:42 p/m
© Reuters.  BRIEF-Nufarm to close manufacturing operations at Calgary
NUF
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Nov 24 (Reuters) - Nufarm Ltd NUF.AX :
* Restructure of North American manufacturing footprint
* Further savings to be realised from ongoing performance improvement program
* Says announced its decision to close its manufacturing operations at Calgary
in Canada
* "The current Canadian distribution locations that serve customers directly
will remain"
* Rationalisation of the company's Calgary manufacturing activities is expected
to result in permanent annualised EBIT improvement of $3.3 million
* Nufarm will record one-off restructuring costs in the current financial year
of $9.5 million
* Says the reorganisation, will result in $5 mln to $8 mln in annualised savings
* Source text for Eikon ID:nASXfMp41

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