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BRIEF-Accu Holding unit RCT terminates business with key client
2016年4月27日 / 凌晨5点11分 / 1 年前

BRIEF-Accu Holding unit RCT terminates business with key client

April 27 (Reuters) - Accu Holding AG :

* RCT terminates business with key client

* After intense negotiations with a key client of RCT Hydraulic Tooling AG (RCT), a subsidiary of Accu Holding, long-standing business relationship has been terminated by mutual agreement

* Due to significant exposure to this customer and continuing difficulties to turn RCT into a profitable business, alternative solutions or realignment of company are exhausted

* Accu is therefore evaluating to close down these unprofitable activities

* Accu had issued a letter of comfort and guarantees to RCT

* Potential financial obligations for Accu are subject of current examination

* Closing this operational activity will cease a multiannual cash-absorbing manufacturing facility Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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