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An update from Troax Group AB Class A ( (SE:TROAX) ) is now available.
Troax Group AB is implementing a restructuring initiative to optimize its manufacturing operations in Europe and North America. The company plans to consolidate production units, reduce its workforce by approximately 225 employees, and close its manufacturing facility in Poland, shifting operations to other locations within the group. These measures aim to align with market demand and enhance operational efficiency, with expected annual savings of 10 MEUR. Troax is also continuing its investment in a new facility in Tennessee, which will increase capacity and cost efficiency for the North American market. The restructuring costs are expected to be 6 MEUR, reported as non-recurring costs in the second quarter of 2025.
More about Troax Group AB Class A
Troax Group is a leading global supplier of indoor perimeter protection solutions for manufacturing and warehousing environments. The company is known for developing high-quality and innovative safety solutions that protect people, property, and processes. With a strong sales force and efficient supply chain, Troax operates in 42 countries and employs roughly 1200 people. The company’s head office is located in Hillerstorp, Sweden, and it reported sales of 279 MEUR in 2024.
Average Trading Volume: 84,554
Current Market Cap: SEK8.34B
Learn more about TROAX stock on TipRanks’ Stock Analysis page.