Hailiang announced plans to restructure its European subsidiary operations. Specific measures include relocating HBF brass solid bar production capacity to bases in Germany and Italy, upgrading equipment to support upstream raw material supply, retaining competitive businesses while adding high-margin production lines, and optimizing around 110 employees.
Zhejiang Hailiang Co LtdRestructuring European operations with capacity relocation and upgrades may improve efficiency but involves employee optimization and uncertain outcomes.