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06. January 2014

Sapa AB : Sapa decides to close aluminium tubing plant in Seneffe

Sapa has announced its intention to close operations at its Precision Tubing plant in Seneffe, Belgium.

On November 7, Sapa communicated that the company had conducted a process of reviewing restructuring needs in Precision Tubing Europe to improve profitability and adjust to the market situation in Europe. As a result of this process, the company announced its intention to close the operations in Seneffe, Belgium.

Since then a consultation process was conducted with the employee representatives of Seneffe, which has now been concluded.

Following the completion of this information and consultation procedure, Sapa today confirmed the decision to close the Seneffe plant. The closure is necessary to ensure the continued long-term competitiveness and success of the new combined company.

Sapa will now put full focus on reaching an agreement on an appropriate social plan and severance packages.

Precision Tubing's production in Europe will in the future be concentrated in Tønder, Denmark, which will continue to serve as a center for technical expertise. Seneffe is expected to stop production by the end of first quarter 2014.

The Seneffe plant has 41 employees, with one extrusion press supplying tubes and tubular profiles to the automotive market.



Source: 4-traders.com

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