600 Group moves HQ
MACHINE tool manufacturer 600 Group is to relocate its head office and close its Polish operation.
The company is shifting its group headquarters to Heckmondwike and plans to sell its current Leeds offices.
600 Group bought a machine tool factory in Poland for £875,000 in 2010 but the company today said it had suffered “significant trading losses”.
The moves follow a review started by chief executive Neil Rogers following his appointment in March.
Mr Roger said: “The strategic review has clearly identified areas where we need to rationalise our operations and reduce costs in order to improve the performance of the Group. This will protect the brand heritage, and maintain the reputation that the Group has for quality and reliability.
“We have listened carefully to the considered views of our key distributors across Europe over the last few weeks, and customer demand for our products remains strong. Our priority now is to improve lead times and delivery performance so as to drive increased revenues.”
