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73,852.94
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Corporate Announcement
Security Code
540153
Company
Endurance Technologies Ltd
Exchange Received Time
16/07/2020 16:30:38
Exchange Disseminated Time
16/07/2020 16:30:48
Time Taken
00:00:10
Consolidation Of Plant Operations In Italy |
7/16/2020 4:30:40 PM
Endurance SpA, one of the step-down and the major operating subsidiary in Italy has four plants located in Lombardore, Chivasso and Grugliasco, supplying highly complex die casting and machined components to its OEM customers in the automotive sector.
Endurance SpA has decided to undertake consolidation of its foundry activities whereby the plant operations, including workmen and necessary plant & machinery, from Grugliasco are shifted to the Chivasso plant. This aims to improve the operating & cost efficiencies and achieve economies of scale which is expected to result in annual savings of around Euro 600,000.
Consequent to this consolidation of plant operations at Endurance Spa, the Endurance Group in Europe now has nine manufacturing plants, of which six are in Italy and three in Germany.
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