Bulten streamlines its distribution chain
As part of Bulten’s strategy to maintain a strong operational platform, the company has reviewed its global distribution chain. This has prompted a decision to close one of the two logistics centers in Sweden. The cost of the closure amounts to approximately SEK 1.5 million.
Aiming to bring about more efficient logistics in order to reduce lead times, and streamline processes, while also reducing costs and environmental impact, Bulten has reviewed its global distribution chain. Utilizing capacity in the warehouses close to production units to a greater extent, enables a more efficient supply chain. Accordingly, significant investments have been made in a new warehouse near Bulten’s factory in Germany, and in a new surface treatment plant and a logistics center in Poland. The streamlining will involve the closure of Bulten’s logistics center in Gothenburg, one of the company’s two such centers in Sweden.
“Streamlining the distribution chain will allow better transportation flows and thereby also reduce environmental impact. We also reduce costs and capital tied up,” says Anders Nyström, President and CEO of Bulten.
The goods flows that previously passed through Bulten’s logistics center in Gothenburg will now be handled by the center in Hallstahammar, Sweden, and by the above-mentioned logistics centers in Germany and Poland. Ten employees will be affected and trade union negotiations have been initiated. The closure is planned for completion by the end of the second quarter of 2023.
For further information, please contact:
Ulrika Hultgren, SVP Corporate Communications & IR, +46 (0)727-47 17 58, email@example.com
Bulten Group is a leading global manufacturer and supplier of fasteners to the automotive industry, as well as other industries such as consumer electronics. The offering extends from a wide range of standard products to specially adapted fasteners. With Bulten’s Full Service Provider concept (FSP), customers can entrust all their fastener needs to the company, including development, sourcing, logistics and service. Bulten was founded in 1873, has approximately 1,600 employees in 15 countries and is headquartered in Gothenburg, Sweden. Net sales in 2021 totaled SEK 3,730 million. Since 2020, PSM International has been a part of Bulten. The share (BULTEN) is listed on Nasdaq Stockholm.