Bulten has decided to close its manufacturing plant in Pembroke, UK. The closure means that 50 jobs are at risk of redundancy. The closing-down process will begin with immediate effect, and the plan is to complete the process during the second quarter of 2023.

Total restructuring costs amount to approximately SEK 11 million, of which SEK 9 million are reserved for the current year. There will be additional investments totaling about SEK 12 million in connection with the closure. These primarily relate to relocation of equipment and production to Bulten's other manufacturing plants, along with a few new recruitments.

The operation in Pembroke became part of Bulten Group in 2020 with the acquisition of PSM International. Fifty people are currently employed at the plant, manufacturing and purchasing fasteners for different industrial segments. Bulten's other operations in the UK will not be affected by the closure of the Pembroke plant.