EQS-Ad-hoc: Novem Group S.A. / Key word(s): Miscellaneous
Novem Group S.A.: Closure of Italy plant
14-Sep-2023 / 09:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Novem Group S.A.: Closure of Italy plant
Luxembourg, 14 September 2023 – The Management Board of Novem Group S.A. has decided to streamline the manufacturing footprint and close the production in Bergamo. The local presence in Italy will remain and continue operating in the present form.
In view of the ongoing challenging market environment, Novem intends to relocate current platforms to other European locations within the first half of 2024 and therefore improve the overall utilisation of the production footprint.
Novem endeavours socially acceptable solutions for the employees, while further improving the service quality towards its customers in Italy.
Contact Investor Relations
Press Contact
Mareike Völker
Isabel Henninger
Head of Investor Relations
Phone: +49 69 506 037 583
Phone: +49 9205 18 1399
E-Mail: isabel.henninger@kekstcnc.com
E-Mail: investor.relations@novem.com
End of Inside Information
14-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
Novem Group S.A.
19, rue Edmond Reuter
L-5326 Contern
Luxemburg
ISIN:
LU2356314745
WKN:
A3CSWZ
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
Novem Group SA is a Luxembourg-based company, which specializes in the interiors, car interior design sector. The Company operate as developer, supplier and system supplier for trim parts and decorative functional elements in vehicle interiors. Its portfolio of products includes door trims, light and impact-resistant trims in the center console, capacitive function trims as well as instrument panels and belt lines. It also offers fine woods, aluminum, carbon, premium synthetics and leather for interiors.
NOVEM GROUP S.A. 
