Componenta to expand the Group’s efficiency program with a target to improve profitability at least by EUR 10 million
Componenta will continue the current efficiency improvement program to boost productivity and profitability with new efficiency measures targeting to enhance competitiveness and reduce costs at least by EUR 10 million by 2016. The targeted result improvements of EUR 35 million coming from the earlier efficiency programs are estimated to be achieved in full during the year 2015. Through boosting efficiency in the production operations and common functions Componenta is targeting to increase capacity utilization rates of the foundries and decrease fixed costs. The impact of the cost