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Essity Restructures in Chile
Essity is restructuring its production facility in Santiago, Chile, to further improve quality and cost for the Professional Hygiene and Consumer Tissue businesses in the country. These measures are aligned with the company's strategy of optimising the production footprint to increase both cost and capital efficiency and further increase value creation.
The restructuring measures include the closure of one tissue machine and two converting lines.
The restructuring costs amount to approximately SEK 140m, and will be recognised as an item affecting comparability in the first quarter of 2018. Approximately SEK 30m of these costs are expected to impact cash flow.
1st March 2018