UPDATE2 Nuplex plant closures, writedowns to cut 2013 profit; shares drop

Mon, 24 Sep 2012

(Adds company comment, estimate of job losses, adds detail of operations at Penrose being retained) By Jonathan Underhill Sept. 24 (BusinessDesk) – Nuplex Industries will close four plants in Australia and New Zealand in the next two years as the trading outlook dims, eliminating as many as 80 jobs in a restructuring effort that will slice $17 million from forecast 2013 profit. The stock dropped 7.2 percent. Nuplex will shut factories at Onehunga, the high-temperature plant at its Penrose site in Auckland, Canning Vale in Western Australia a...

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