Low & Bonar PLC is an international group manufacturing and supplying a wide range of products to the Performance Materials industry plans to relocate part of the Bonar Yarns production from Dundee to Abu Dhabi, as part of the ongoing actions being taken to improve the performance of the Bonar Yarns business unit.
Their yarns business specialises in the manufacturing of carpet backing yarns for the woven carpet industry and artificial grass yarns for the sports surface and landscape industries worldwide.
Low & Bonar has been repositioning itself significantly and is now a leader in performance materials. The company expects that its strategy will see further growth in margins and support trend sales growth rates above that of the overall economy.
It is a global business, supplying yarns, fabrics and fibres to a broad range of end markets including civil engineering, building products, transport, sports and leisure, agriculture and other industrial applications.
Brett Simpson, Chief Executive of Low & Bonar said that relocating be a period of uncertainty for their staff at Dundee and they are committed to consulting fully with their employees and representatives.
However, the restructuring of workforce is necessary to help them secure the long-term viability and competitiveness of Bonar Yarns in a highly competitive global marketplace.
Low & Bonar are confident that their strategy will see further growth in margins and support trend sales growth rates above that of the overall economy.
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