SCANFIL PLC STOCK EXCHANGE RELEASE 10 NOVEMBER 2016 2.00 P.M.
SCANFIL WILL CLOSE ITS FACTORY IN HUNGARY AND WILL FINALIZE THE RESTRUCTURING RELATED TO PARTNERTECH INTEGRATION
Scanfil EMS Oy’s Hungarian subsidiary Scanfil Kft has on 10 November 2016 decided to close down the factory in Biatorbagy, Hungary. The negative impact on earnings resulting from the factory closing is estimated at approximately EUR 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 EUR 13.6 million and operating loss of approximately EUR 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.
CEO Petteri Jokitalo
Tel +358 8 4882 111
Distribution NASDAQ OMX, Helsinki
Scanfil is an international contract manufacturer and system supplier for the electronics industry with 40 years of experience in demanding contract manufacturing. Scanfil provides its customers with an extensive array of services, ranging from product design to product manufacturing, material procurement and logistics solutions. Vertically integrated production and a comprehensive supply chain are the foundation of Scanfil’s competitive advantages: speed, flexibility and reliability.
Typical Scanfil products include mobile and communications network devices, automation system modules, frequency converters, lift control systems, analysers, various slot and vending machines, and devices related to medical technology and meteorology. Scanfil services are used by numerous international automation, energy, IT and health service providers, as well as companies operating in the field of urbanisation. Scanfil’s network of factories consists of 12 production units in Europe, Asia and North America. The total number of employees is 3,500.