October 29, 2019 / 6:45 AM / 17 days ago

BRIEF-Gurit To Close Its Automotive Production Site In Hungary

Oct 29 (Reuters) - GURIT HOLDING AG:

* GURIT TO CLOSE ITS AUTOMOTIVE PRODUCTION SITE IN HUNGARY MID-2020

* SHUT-DOWN COST IS ESTIMATED AT A LOW SINGLE DIGIT MILLION AMOUNT AFFECTING YEARS 2019 AND 2020.

* IS IN CONTACT WITH CUSTOMERS TO RE-ASSIGN RESIDUAL PRODUCTION ORDERS TO OTHER SUPPLIERS. Source text: bit.ly/34bvglg Further company coverage: (Gdansk Newsroom)

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