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Rogers (ROG) has issued an announcement.
Rogers Corporation plans to discontinue its advanced circuit materials manufacturing at its Belgium facility to streamline global production costs, shifting operations to China and the US by mid-2025. This move, pending works council consultations, may lead to expenses ranging from $18 to $28 million, primarily from severance and other shutdown costs. As the situation develops, the company will provide updates on the financial impacts of this strategic decision.
For a thorough assessment of ROG stock, go to TipRanks’ Stock Analysis page.