Concentric announced the company has decided to close its facility in Chivilcoy, Argentina. Concentric has carefully evaluated different alternatives for the facility in Argentina and has concluded that regrettably it is not viable to continue the operations because of the sustained, challenging macro-economic situation in the country. The one-off cost of closure amounts to preliminary SEK 22 million and will be reflected in the Fourth Quarter 2021 financial statements.

The decision will take effect immediately.