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Scanfil to Close Hungary Factory
November 11, 2016 | ScanfilEstimated reading time: Less than a minute
Scanfil EMS Oy’s Hungarian subsidiary Scanfil Kft has decided to close down the factory in Biatorbagy, Hungary. The negative impact on earnings resulting from the factory closing is estimated at approximately €1.3 million and an impact on earnings is mainly focused on the fourth quarter of 2016. The plan is to conclude the actions during the second quarter of 2017.
Scanfil Kft employs about 200 workers and salaried employees at Biatorbagy plant. Turnover of Scanfil Kft in 2015 was about €13.6 million and operating loss of approximately €1.2 million. Closing the factory will finalize the restructuring related to PartnerTech factory network integration. Existing customers of Scanfil Kft will be served from other Scanfil’s factories in the future.
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Scanfil to Restructure Operations in China
06/27/2016 | ScanfilScanfil announced in the Interim Report on 29 April 2016 that measures to eliminate overlap and streamline the factory network have been started in China.
Scanfil Sweden Sells Shares in Partnertech Karlskoga
05/10/2016 | ScanfilThe Board of Directors of Scanfil Sweden AB has decided to sell the entire share capital of its subsidiary PartnerTech Karlskoga AB, located in Karlskoga, Sweden, for a nominal selling price.
Scanfil Sweden Sells Shares in Partnertech Aerodyn
02/23/2016 | ScanfilThe Board of Directors of Scanfil Sweden AB (former PartnerTech AB) has decided to sell the entire share capital of its subsidiary PartnerTech Aerodyn AB, located in Karlskoga, Sweden, for a cash selling price of EUR 350,000.
Partnertech’s Negotiations to Restructure Operations Closed
01/13/2016 | Globe NewswirePartnertech AB’s Norwegian subsidiary PartnerTech AS announced on 17 November 2015 the intent to reorganize operations of the company. At the same time, the company announced that they will start a communications and negotiations procedure with the representatives of the personnel groups as put forth in Norwegian law. The possibility of closing down the production of the plant was also discussed during the negotiations.
PartnerTech to Restructure Operations in Norway
11/18/2015 | Globe NewswirePartnerTech's Norwegian subsidiary, PartnerTech AS, has announced plans to restructure the company's operations.