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Kardex Remstar streamlining its organisation in the USA



Kardex AG’s Remstar division is streamlining its structures in the USA. The production site at Lewistown will be closed down toward the end of the first half of 2012. The Westbrook facility where currently the US Sales office is located, will become the logistics centre for the USA. Thanks to local assembly capacity at this site, it will be possible to maintain short delivery and response times in the US market. Within Sales Material Handling and Office & Government currently separate functions in the USA will also be consolidated. This provides an opportunity to optimize the quality of the dealer network in the US market.

 

The reorganisation will lead to the loss of some 50 jobs in the USA. The related restructuring costs of approximately EUR 1.5 million will be charged to the 2011 financial statements. Management expects this measure to produce annual efficiency increases of around EUR 2 to 2.5 million, which will begin positively impacting income in full as of 2013.

 

Contact for media and investors:

Edwin van der Geest

Investor Relations and Media
investor-relations@kardex.com

 

Tel. +41 79 330 55 22

 

 

www.kardex.com

 

 

Calendar of events

 

 

29 March 2012

Annual Report 2011

24 April 2012

Annual General Meeting 2012

 

 



Kontakt

Für weiterführende Informationen steht Ihnen das Kardex-Team gerne zur Verfügung: