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Zotefoams ( (GB:ZTF) ) has provided an update.
Zotefoams has announced a strategic expansion in Asia with new manufacturing and innovation facilities in Vietnam and South Korea. This move aims to enhance customer relationships, reduce costs, and improve sustainability by manufacturing closer to supply chains. The investment, totaling approximately £26 million, is expected to boost the company’s growth in the athletic footwear market by enabling faster and more innovative product development, supported by its strong partnership with Nike.
More about Zotefoams
Zotefoams is a global leader in the production of supercritical foams, primarily serving the athletic footwear industry. The company has established a significant market presence through its partnership with Nike, which utilizes Zotefoams’ products in its premium shoe lines.
YTD Price Performance: -14.29%
Average Trading Volume: 100,427
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £130.6M
See more data about ZTF stock on TipRanks’ Stock Analysis page.