Skip to main content

SCANFIL STREAMLINES ITS FACTORY NETWORK AND REORGANIZES ITS PRODUCTION IN CENTRAL EUROPE

Written by Customer Service on . Posted in Public Companies.

SCANFIL PLC           STOCK EXCHANGE RELEASE        17 DECEMBER 2020  9:15 PMScanfil announced on 1 July 2020 that Scanfil GmbH, part of the Scanfil Group, is planning to scale down and close its Hamburg factory. The company started a consultation process concerning the entire personnel working at the Hamburg factory. The consultation process has now ended and Scanfil GmbH has decided to close down the Hamburg factory. The production will continue at the Wutha-Farnroda factory in Germany and the Sieradz factory in Poland.The arrangement will result in non-recurring restructuring charges of approximately EUR 6 million, which will be recognized in the fourth quarter of 2020. The planned action would result in annual cost savings of approximately EUR 2.5 million. The measures are scheduled to be completed by the end of the third quarter of 2021.The arrangement has no impact on Scanfil’s present financial outlook for 2020. Scanfil’s Wutha-Farnroda factory is well-positioned as a “high mix – low volume” manufacturing unit with strong engineering capability and is located close to customers in Germany and Central Europe. Scanfil’s Sieradz factory is a large scale electronics factory located in the Central part of Poland and is positioned as an effective manufacturing unit, especially for higher volume products.Typical Scanfil products include mobile and communications network devices, automation system modules, frequency converters, lift control systems, analysers, various slot and vending machines, and devices related to medical technology and meteorology. Scanfil services are used by numerous international automation, energy, IT and health service providers, as well as companies operating in the field of urbanisation. Scanfil’s network of factories consists of production units in Europe, Asia

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.