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BeijingWest International ( (HK:2339) ) just unveiled an update.
BeijingWest Industries International Limited announced plans to close its underperforming Czech plant in phases starting from the third quarter of 2025. This decision comes in response to unsatisfactory performance, low capacity utilization, and challenges in the European electric vehicle market. The closure aims to enhance operational efficiency by transferring production to the Krosno plant in Poland, which is expected to improve capacity utilization and reduce manufacturing costs, ultimately benefiting the company’s long-term operations and shareholder interests.
More about BeijingWest International
BeijingWest Industries International Limited is engaged in the provision of automotive parts and components, primarily for manufacturing premium passenger vehicles in Europe. The company operates two plants located in Krosno, Poland, and Cheb, Czech Republic.
Average Trading Volume: 312,072
Technical Sentiment Signal: Hold
Current Market Cap: HK$275.7M
See more insights into 2339 stock on TipRanks’ Stock Analysis page.