Cencorp closes Guangzhou factory

Cencorp Corporation (HEL: CNC1V) recently said it would focus on its most profitable and growing product areas in special component manufacturing. This has now materialized in inevitable closure of a plant in Guangzhou, China, which makes decoration products such as etching of metal parts, coatings, decorative prints and digital image transfer decorations. Around 110 people will lose their job. Cencorp and Savcor Face Beijing operations belong mainly to the core areas and these will continue operations as normal.