As of 1 March 2003, the new production facility of AND International Publishers N.V. in Pune, India will be fully operational. With the concentration of the production in Pune, all of AND’s Irish activities have been definitively shifted to India. This reorganization provides a structural cost reduction of EUR 2 million. It also successfully completes AND’s restructuring program, within the previously set time frame.
AND now has 125 employees; 100 are located in India and 25 at the headquarters of AND International Publishers N.V. in Rotterdam. The new organizational structure is expected to form a solid foundation for profitability in 2003.
Moreover, the enterprise has had a positive cash flow since January 2003. CEO Maarten Oldenhof on 2003: “Costs are under control and the company is more streamlined thanks to the reorganization. Therefore, we can focus on our sales activities. We also have high expectations for our new products GeoAccess and GeoSource.”
The figures for the year 2002 will be published as soon as the financial settlement of the closing of the Irish office has been completed. This is expected to take place in May.