Franklin Electric Announces New Plans for Manufacturing Optimization

09.07.2014

Franklin Electric Co., Inc. has approved a plan to close its Wittlich, Germany manufacturing facility. As part of this action, the Company will transfer the existing Wittlich manufacturing activity to its Brno, Czech Republic facility. The transfer should be completed by the middle of 2016.

The Company will maintain its European Water Systems Headquarters and distribution center in Wittlich and this announcement pertains only to the manufacturing operations located there.

Further, the Company will also complete other asset write-offs, miscellaneous realignments and fixed costs reductions in other European based business units and facilities.

The Company has estimated the pretax charge for these actions to be between $13.2 million and $14.0 million. The charges will begin in the third quarter of 2014 and are estimated to conclude by the end of 2016 and include severance expenses, professional service fees, asset write-offs, and temporarily leased facilities costs. Approximately ten percent of these charges will be non-cash.

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Statement from British Water chief executive Lila Thompson on the Environment Agency’s National Framework for Water Resources

06.04.2020 -

British Water welcomes the Environment Agency’s National Framework for Water Resources in England and the opportunities it provides for collaborative working, as the industry and regulators re-think their approach to water. Water scarcity will affect all of us and British Water members are very keen to play their part alongside the water utilities, the regulators

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