Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Operational Proposals

6th Nov 2009 14:40

RNS Number : 1375C
Barr(A.G.) PLC
06 November 2009
 



IMMEDIATE RELEASE November 2009

A.G.BARR p.l.c.

Manufacturing Investment, Supply Chain Restructuring and Site Rationalisation Proposals

A.G.BARR p.l.c., the soft drinks group, today announces the following initiatives:

Manufacturing Investment

Following a comprehensive review of future capital requirements and overall site operating costs, it is proposed to invest £8-£10 million over the next twelve months to increase capacity at the Cumbernauld site. This investment would create operating capacity at the Cumbernauld site that would absorb all current PET packaged products from the Mansfield factory and allow for forecast future growth.

Supply Chain Restructuring

As the final step in the integration of the Rubicon business and to allow for future growth, it is proposed to commence discussions with third party logistics companies with a view to establishing a third party operated central distribution hub for the south of the country. This proposal would mean ceasing our current inhouse storage and distribution operations at the Mansfield site and the exit from existing Rubicon third party logistics operations.

Mansfield Site Closure Proposal

The Company has today entered into a consultation process with employees with a view to closing the Mansfield site in early 2011 and the commencement of outsourced logistics activity during the course of 2010.

There are currently 98 employees employed across production and logistics at the Mansfield site and in addition a small number of further employees will be impacted by these proposals.

Further information on the financial impact of the proposed changes will be given at the conclusion of the consultation process.

For further information, please contact:

A.G.Barr Tel: 01236 852400 Buchanan Communications Tel: 020 7466 5000

Roger White, Chief Executive Tim Thompson / Nicola Cronk

Alex Short, Finance Director

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCZQLFBKFBXFBV

Related Shares:

Barr (A.G.)
FTSE 100 Latest
Value8,941.12
Change-34.54