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2016-03-30 07:00:01 CEST 2016-03-30 07:00:01 CEST REGULATED INFORMATION Efore - Company AnnouncementEfore initiates discussions on outsourcing manufacturing in ChinaEspoo, Finland, 2016-03-30 07:00 CEST (GLOBE NEWSWIRE) -- EFORE PLC Stock Exchange Release March 30, 2016 at 8.00 a.m. Efore initiates discussions on outsourcing manufacturing in China Efore Plc has decided to initiate discussions with selected EMS partners on outsourcing of manufacturing as well as manufacturing support functions at the Suzhou plant in China. The target of the outsourcing is to improve Efore’s cost structure and flexibility as well as to improve the company’s ability to expand its customer base in new markets according to the strategy. Furthermore, this will allow the company to allocate more resources to core competencies especially in sales and product development. The target is to finalize the outsourcing negotiations by the beginning of Q3/2016. EFORE PLC Heikki Viika President and CEO For further information please contact Heikki Viika, President and CEO, tel +358 9 478 6312 on March 30, 2016 at 9-9.30 a.m. DISTRIBUTION Nasdaq Helsinki Oy Principal media Efore Group Efore Group is an international company which develops and produces demanding power products. Efore's head office is based in Finland and its production units are located in China and Tunisia. Sales and marketing operations are located in Europe, United States and China. In the fiscal year ending in December 2015, consolidated net sales totalled EUR 89,9 million and the Group's personnel averaged 887 . The company's share is quoted on the Nasdaq Helsinki Ltd. www.efore.com |
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