Sandvik Machining Solutions says that it is reviewing the potential closure of a production plant for round tools within its Walter division in Frankfurt, Germany. Production volumes would be transferred to other units within Sandvik Machining Solutions, the company said.

According to Sandvik, the envisaged closure would be expected to be finalized by mid-2021 with full run-rate of net savings of about SEK 110 million. Costs related to the restructuring, amounting to about -365 million SEK, will impact Sandvik Machining Solutions’ operating profit in the first quarter of 2020, with the majority impacting cash flow.

This story uses material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.