NSG to Place UK Float Line on “Hot Hold”

The NSG Group has announced that it will place its float line in Cowley Hill, United Kingdom (UK), on “hot hold,” effective January 3. The line is expected to remain on hold for three months. 

“This action will allow the company to reduce stock levels and therefore working capital,” according to a statement from the company. “It will not impact significantly on the UK market as the company can continue to supply from stocks and from float line UK5 at Greengate.” 

This announcement follows recent news from the company that it would be closing its float lines in Halmstad, Sweden, and Venice, Italy.