Protolabs to end metal Additive Manufacturing at German facility
November 4, 2024
Proto Labs Inc. (Protolabs), headquartered in Maple Plain, Minnesota, USA, has announced plans to restructure its manufacturing facilities in Germany. These include closing its injection moulding facility in Eschenlohe and ending metal Additive Manufacturing at its Putzbrunn site.
According to a Form 8-K SEC filing, Protolabs will continue offering all its manufacturing services to customers across Europe, including injection moulding and metal Additive Manufacturing. These services will be fulfilled through internal manufacturing facilities and a network of manufacturing partners.
As a result of these decisions, the publicly listed company expects to incur restructuring charges in the range of $4.5 – 6 million, consisting of around $2.5 – 3.5 million in severance and other employee-related costs, and $2 – 2.5 million in fixed asset and facility-related write-down expenses.
The report stated that it expects to incur approximately $4 million of the total restructuring charge in the fourth quarter of 2024, with the remaining charge to be incurred throughout the remainder of the restructuring process.
Protolabs expects to complete the restructuring plan within the next year.
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