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BRIEF-CDTI to close Canadian manufacturing facility

Published 2015-12-11, 09:30 a/m
© Reuters.  BRIEF-CDTI to close Canadian manufacturing facility
CDTI
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Dec 11 (Reuters) - Clean Diesel Technologies Inc CDTI.O :
* Press release - cdti streamlines operations with closure of Canadian
manufacturing facility
* Says expects to save approximately $3 million in annual costs
* Sees recording about $1.8 million in expenses during the fourth quarter of
2015 to complete actions
* Says shutdown is expected to be completed during the first quarter of 2016
* Following closure, cdti intends to consolidate certain commercial and supply
chain activities to Oxnard, ca facility
* Closing manufacturing facility located in Markham, Ontario to align operating
footprint

* Source text for Eikon

* Further company coverage CDTI.O

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