5N Plus Inc - 5N Plus Belgium SA Intends To Halt Production At Manufacturing Facility In Tilly, Belgium And Proceed With Site's Closure

Reuters
2022.05.18 11:29
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May 18 (Reuters) - 5N Plus Inc (VNP.TO) :

May 18 (Reuters) - 5N Plus Inc (VNP.TO) :

  • 5N PLUS INC - 5N PLUS BELGIUM SA INTENDS TO HALT PRODUCTION AT MANUFACTURING FACILITY IN TILLY, BELGIUM AND PROCEED WITH SITE’S CLOSURE

  • 5N PLUS INC - TILLY, BELGIUM SITE MANUFACTURES LEAD-BASED PRODUCTS AND NITRATE CHEMICALS AND EMPLOYS 68 PEOPLE

  • 5N PLUS INC - TILLY FACILITY HAS BEEN AN UNPROFITABLE AND HIGH-COST OPERATION FOR SEVERAL YEARS

  • 5N PLUS - EXPECTS TO BE ABLE TO IMPROVE FINANCIAL RESULTS. BOTTOM LINE BY SHEDDING NEGATIVE EARNINGS, RELEASING WORKING CAPITAL, IMPROVING CASH FLOWS

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