Raute To Streamline Global Manufacturing Network, Close Production Facility In China
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Raute Oyj 
RAUTE:
RAUTE TO STREAMLINE ITS GLOBAL MANUFACTURING NETWORK AND CLOSE ITS PRODUCTION FACILITY IN CHANGZHOU, CHINA
DECISION IS DRIVEN BY WEAK MARKET DEMAND IN CHINA
FOLLOWING CLOSURE DECISION, RAUTE WILL BOOK IMPAIRMENTS AND PROVISIONS AFFECTING COMPARABILITY IN ESTIMATED TOTAL AMOUNT OF EUR 3.8 MILLION
AS A RESULT OF MEASURES, RAUTE'S FIXED COSTS WILL DECREASE BY APPROXIMATELY EUR 2 MILLION ANNUALLY
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