European News

Bains, Elizabeth
June 2007
ICIS Chemical Business;6/11/2007, Vol. 2 Issue 70, p19
Trade Publication
The article reports on the plan of nonwoven fabrics manufacturer Polymer Group Inc. to close its plant in Neunkirchen in Germany and transfer part of the business to its facility in the Netherlands. The company anticipates that the decision will bring annualized cost savings of $3 to $4 million and proceeds from the sale of idled facilities and equipment are expected to amount to $6 to $8 million. Other details of the restructuring plans of the company are cited.


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