Supply chain restructuring plans of Plymovent Group

In January of 2011 Plymovent has initiated an extensive review of its supply chain that has led to a proposed supply chain restructuring programme. The desire to restructure our supply chain is based on customer needs and our ambition for growth which requires a clear focus on our core competences. Today we informed our employees that we will initiate union negotiations regarding the proposed restructuring programme that will, as a consequence, lead to closing our production facilities in Lycksele, Sweden by July 2013. The proposed closure is the outcome of extensive and careful analysis. Subject to negotiations with the unions of the proposed supply chain design, we are suggesting to consolidate our European assembly operations, at one location only, in Alkmaar (The Netherlands) and expand assembly operations in North America to support our growth ambitions for the coming years. The suggested restructuring will not affect the continuity of the business relationship with our customers. Plymovent has informed its stakeholders about the proposed restructuring programme and is committed to continue to do so.

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