Hitt og þetta 7. september 2006

Sandvik AB to close production site in Italy

Nordic Business Report-September 7, 2006-Sandvik AB to close production site in Italy
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The Swedish industrial group Sandvik AB said on Thursday (7 September) that Sandvik Hard Materials, part of its business area Sandvik Tooling, has decided to phase out its production operations in Torino, Italy.

The operations, comprising production of wear parts and other products, will be relocated to Sandvik Tooling's facilities in Epinouze, France and Barcelona, Spain.

The reorganisation will affect some 20 employees in Torino.

"The decision is part of the work to enhance cost efficiency and achieve economies of scale in production," Sandvik said.

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