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This excerpt taken from the HSY 8-K filed Jul 21, 2005. Item 2.06 Material ImpairmentsAs announced in the Press Release, the manufacturing facility to be closed in connection with the Companys program to advance its value-enhancing strategy is the Las Piedras (Puerto Rico) plant. The Company will continue to operate the facility through October 2005 and, accordingly, will adjust the depreciable lives of the assets resulting in increased depreciation expense during the period of approximately $23 million which is included in the estimated pre-tax charge of $41 million for facility rationalization described in Item 2.05 above. |
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