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Nextron Closing Toronto Subsidiary

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MORGES, Switzerland, Nov. 11 -- Nextrom Holding SA, a Switzerland-based supplier of manufacturing solutions and services to the fiber optic industry, said it will close its Toronto subsidiary, Ceeco Machinery Manufacturing Ltd., which supplies rotating and twinning equipment to the cable industry. Nextrom said it has been seeking to divest the Ceeco business since 2000, when it decided to concentrate solely on its fiber optics-related activities. Nextrom said it is also closing its sales offices in Sao Paolo, Brazil, and Manchester, England, and is investigating alternatives to reduce its...Read full article

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    Published: November 2002
    industrialNews & Features

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