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BRIEF-Milacron Holdings says Malterdingen Ferromatik manufacturing ops to be active longer than anticipated
June 2, 2017 / 4:37 PM / 4 months ago

BRIEF-Milacron Holdings says Malterdingen Ferromatik manufacturing ops to be active longer than anticipated

June 2 (Reuters) - Milacron Holdings Corp:

* To continue making Ferromatik injection molding machines at Malterdigen, Germany facility longer than originally estimated​

* Now anticipates production to continue at Malterdingen facility until end of 2019

* Milacron credits need to remain operational in Malterdingen to a full European order book to Q1 2018​

* Reached an agreement with Workers Council to amend agreements, in some cases to bring staff back that had been let go

* Still plans to transfer manufacturing operations to new facilities in Czech Republic but reiterates “commitment” to Malterdingen, Germany

* Cube molds, PET, co-injection systems, automation/robotics systems will be going through Malterdingen for testing, customization Source text for Eikon: Further company coverage:

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