Marel's Seattle Operation to Focus on On-Board Developments for Fish Industry
SEAFOODNEWS.COM [SeafoodNews] January 27, 2015
Marel has ceased its manufacturing operations in Singapore and merged two of its existing US-based facilities in two major steps towards a more streamlined and cost effective future manufacturing footprint in line with its ongoing Simpler, Smarter, Faster refocusing program. Part of Marel's refocusing strategy also includes developing on-board soultions for the fish industry.
First Marel said it will refocusing its product portfolio to concentrate on areas of competitive advantage and to strengthen its market position. As a result, Marel is ceasing its production of freezers in Singapore and is entering into partnership to continue to provide freezing solutions for integrated solutions its customers. The wind-down of manufacturing activities in Singapore has begun and is expected to be finished before mid-year 2015. The costs associated with the closure were booked as one-off costs in Q4 2014. The closure of the manufacturing operation in Singapore will increase operational profit during the second half of 2015 and onwards...
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