24th Aug 2015 05:36
LONDON (Alliance News) - Engineer GKN PLC is undertaking a review of its farming and mining equipment business and could end up selling the division, The Sunday Times reported.
The engineer, which makes components for cars and planes, is understood to have started an informal review of its GBP780 million land systems business, the newspaper said.
The division makes parts such as wheels and chassis for tractors and excavators but has been hit as demand for heavy equipment continues to fall, particularly in the US.
http://www.thesundaytimes.co.uk/sto/business/Companies/article1596938.ece?CMP=OTH-gnws-standard-2015_08_22
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
GKN PLC