Swedish store displays provider HL Display AB to outsource display frames production

Nordic Business Report, Feb 28, 2007

NORDIC BUSINESS REPORT-28 February 2007-Swedish store displays provider HL Display AB to outsource display frames production(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish store display solutions provider HL Display AB said on Tuesday (27 February) that it has decided to outsource the manufacture of its spring-loaded metal snap frame product Pictoria.

The manufacture of the Pictoria display frames will be outsourced to a European partner with production operations in Eastern Europe.

The outsourcing means that HL Display will discontinue the operations of its HL Display Pictoria unit in Falkenberg in Sweden. The closure of the plant will affect 14 employees.

The Pictoria frames represent some 3% of HL Display's total sales, and the outsourcing is expected to strengthen the company's competitiveness further within the business area.

HL Display AB, headquartered in Stockholm, Sweden, supplies in-store communication and merchandising solutions for the retail industry and its suppliers. The company has 1,000 employees and achieved sales of SEK1,448m in 2006. HL Display is listed on the Nordic Exchange in Stockholm.

One British pound (GBP) is worth approximately 13.74 Swedish kronor (SEK).

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