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Puma Will Add Production Capacity in Africa, Handelsblatt Says

Puma AG (PUM) will add production capacity in Africa in a bid to speed deliveries with factories closer to its customers and avoid rising wages in China, Handelsblatt reported, citing an interview with Reiner Seiz, the German company’s chief supply chain officer.

To contact the reporter on this story: Naomi Kresge in Berlin at nkresge@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

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