Corporate | 24 July 2014 07:43

Krones AG: Krones aims to make Kosme more competitive

Krones AG / Key word(s): Strategic Company Decision

24.07.2014 / 07:43

08.07.14

Krones aims to make Kosme more competitive

– Kosme’s product portfolio to be optimised

– Socially acceptable reduction in headcount planned at the Italian facility in Roverbella

– Kosme Italy in negotiations with the trade unions

Krones AG, Neutraubling, Germany, the manufacturer of beverage filling and packaging lines, has put together an action package designed to upgrade the competitiveness of its Kosme subsidiary. Kosme offers filling and packaging machines for the lower output range, with production facilities in Roverbella (Italy) and Sollenau (Austria).

The action package relates solely to the facility in Roverbella. Kosme Italy began negotiations with the trade unions on 7 July 2014. Once these have been concluded, the company will be publishing details of the action agreed.

The aim of this corporate refocus is to secure the long-term future of the facility in Roverbella. In order to achieve this, Kosme’s product portfolio has to be optimised, and the capacities rightsized so as to ensure that Kosme can operate with sustained profitability.
For this purpose, Kosme will in future be concentrating once again on its core competences in the fields of filling and labelling technologies and will discontinue its operations for packing and palletising technologies. The associated reduction in headcount is part of the ongoing negotiations with the trade unions. Krones will be making every effort to ensure that this painful but unavoidable action is handled with the minimum social impact on those involved.
Nothing will change in terms of Krones’ strategic focus, in which Kosme and the plant in Italy play an important role. Kosme will continue to offer on all markets its core products of fillers and labellers, plus complete lines supplemented with OEM products.

Contact:
Olaf Scholz
Senior Vice President of Investor Relations Krones AG
Phone: +49 9401 70-1169
E-mail: olaf.scholz@krones.com

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Language:	English
Company:	Krones AG
	Böhmerwaldstraße 5
	93073 Neutraubling
	Germany
Phone:	+49 (0)9401 701169
Fax:	+49 (0)9401 709 1 1169
E-mail:	investor-relations@krones.com
Internet:	www.krones.com
ISIN:	DE0006335003
WKN:	633500
Indices:	MDAX
Listed:	Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

End of News DGAP News-Service

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