Nordic Business Report-April 11, 2006-Seco Tools AB to close carbide manufacturing unit in the US
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The Swedish processing tools manufacturer Seco Tools AB announced on Monday (10 April) that it has decided to discontinue the manufacture of cemented carbide products at its site in Warren in the US.
The decision is part of Seco Tools' measures to strengthen its competitiveness by reducing the number of global production units, and concentrate its carbide manufacturing to plants in the Czech Republic and Sweden.
The discontinuation of carbide manufacturing in Warren will take place by mid-2006 and will affect some 100 employees.
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