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Hearing Aids Maker William Demant Shifts Production to Poland And Mexico to Save $30 Million a Year



8/17/2016 6:40:17 AM

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Aug 17 Danish hearing aids maker William Demant plans to shift production from Denmark and the United States to Poland and Mexico to cut costs by around 200 million Danish crowns ($30 mln) a year, it said on Wednesday.

The world's second-biggest hearing aids maker, behind Sonova , William Demant said it was also considering moving its research and development (R&D) operations from Switzerland to Poland and Denmark.

"We consider cost-efficient and strong operations and R&D setups to be among the key drivers of future profit growth," the company said in a statement.

Read at Reuters


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