Essity is restructuring its production facility in Santiago, Chile, to further improve quality and cost for the Consumer Tissue and Professional Hygiene businesses in the country. The restructuring measures include the closure of one tissue machine and two converting lines, as the company says in the press release received by Lesprom Network.
The restructuring costs amount to approximately SEK 140 million ($16.9 million), and will be recognized as an item affecting comparability in the 1Q 2018. Approximately SEK 30 million ($3.6 million) of these costs are expected to impact cash flow.
Essity is a leading global hygiene and health company. Essity used to be part of the SCA Group.
