UPDATE 1-Wescast widens Q4 loss, to close plant, cuts div

Newswire

(Adds details) OTTAWA, Feb 23 (Reuters) - Wescast Industries reported a wider fourth-quarter loss on Wednesday and said it would close an Ontario casting facility to save C$25 million in fixed costs next year as it grapples with difficult North American automotive sector conditions. The autoparts supplier also said it would slash its quarterly dividend in half. Brantford, Ontario-based Wescast, which makes exhaust manifolds for cars and light trucks, said it had a net loss of C$28.1 ...

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