One of the world’s largest manufacturers of furniture leather, Sweden’s Elmo Leather, is to close its Danish subsidary before the end of the year, the company said in a statement yesterday.

Elmo cites over-capacity and deteriorating profitability for the decision.  “Rectifying the problem requires more than a normal rationalisation scheme,”  commented Nalle Johansson, President and CEO. “We must make closures and concentrate production at our main facilities in Svenljunga in Sweden.”

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