husqvarna closing beatrice plant
Posted in the Beatrice Forum
#1 May 27, 2010
From their own press release: http://corporate.husqvarna.com/index.php...
Husqvarna has previously communicated its intention to implement a number of structural changes in order to improve efficiency and reduce costs. In line with these changes, Husqvarna has decided to close the plant in Beatrice, Nebraska, and transfer production to the plant in Orangeburg, South Carolina.
The closure and transfer will be implemented in the second half of 2010. The cost for the measures is estimated at approximately SEK 110m, whereof cash items amount to approximately SEK 70m, which will be charged to income in the second quarter of 2010. Annual savings from the measures are expected to amount to approximately SEK 40m and will be generated gradually from the start of 2011 with full effect as of 2012. The Beatrice plant assembles mainly Zero Turn Radius lawn mowers. The factory in Orangeburg manufactures similar products including riding garden tractors and tillers. Together with an earlier announcement to close a factory in Greece, operating income in the second quarter of 2010 will be charged with restructuring costs totaling SEK 160m. The total annual savings from the measures are estimated at approximately SEK 60m and will be generated gradually from the start of 2011 with full effect as of 2012.
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