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HANZA to phase out production unit in China
HANZA Holding AB (publ) has decided to discontinue its production unit in Ma’anshan, China, while operations in Suzhou, China will be expanded through a close customer collaboration. The phase out is estimated to cost approximately SEK 3 million, which will impact the result for Q4, 2019. HANZA’s previous financial assessment will, despite this decision, remain the same.
HANZA gets AS9100 certificate to supply aerospace industry
Manufacturing strategist HANZA Holding AB (publ) (“HANZA”) today announced that its machining facility in Årjäng, Sweden, received its AS9100 certification, the standard that will allow HANZA to manufacture products for the aviation, space and defense companies.
HANZA interim report 1 January – 30 September 2019: HANZA Group expands through acquisition in Germany
Please note that this English translation is for information purposes only. In case of any discrepancies between this version and the Swedish version of the interim report, the Swedish version shall prevail. Manufacturing strategist HANZA Holding AB (publ), listed on Nasdaq Stockholm Small Cap, presents its interim report for the period 1 January to 30 September 2019. HANZA has recently completed a strategic acquisition of a German manufacturing group and continues towards the target of being a leading European manufacturing partner by 2022. HANZA has a positive view on the future, profitability is expected to increase, and the company sees good opportunities for new market shares.
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