Brief: Dirtt Environmental Solutions - On Aug 23, Announced Temporary Suspension Of Operations At Manufacturing Facility In Rock Hill, South Carolina

DIRTT Environmental Solutions

02/10/2023 22:17

Oct 2 (Reuters) - DIRTT Environmental Solutions Ltd
 DRT.TO :
    * DIRTT ENVIRONMENTAL SOLUTIONS - ON AUG 23, ANNOUNCED
TEMPORARY
SUSPENSION OF OPERATIONS AT MANUFACTURING FACILITY IN ROCK HILL,
SOUTH CAROLINA
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - ON SEPTEMBER 27,
DETERMINED
IT DOES NOT INTEND TO REOPEN ROCK HILL FACILITY
    * DIRTT ENVIRONMENTAL SOLUTIONS:CLOSURE OF FACILITY IS PART
OF
ONGOING FOCUS ON REALIGNING ORGANIZATION, INCREASING EFFICIENCY,
IMPROVING PROFITABILITY
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - EXPECTS TO INCUR $0.5
MILLION OF COSTS IN DISMANTLING AND DECOMMISSIONING ASSETS AT
ROCK HILL FACILITY
    * DIRTT ENVIRONMENTAL SOLUTIONS LTD - EXPECTS TO SELL OR
TRANSFER
ASSETS OF ROCK HILL FACILITY TO OTHER DIRTT FACILITIES
    * DIRTT ENVIRONMENTAL SOLUTIONS - ONE-TIME, NON-CASH
IMPAIRMENT
CHARGES RELATED TO ROCK HILL FACILITY EQUIPMENT EXPECTED TO BE
IN RANGE OF $7 TO $9 MILLION

Further company coverage:  DRT.TO 

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