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    Brief: Metal Powder Works Resolves To Wind Down Legacy K-Tig Welding Business

    Picture of Metal Powder Works logoMetal Powder Works
    31/08/2026 08:44
    BRIEF-Metal Powder Works Resolves To Wind Down Legacy K-Tig Welding Business
    Aug 31 (Reuters) - Metal Powder Works Ltd MPW.AX:
    • COMPANY HAS RESOLVED TO WIND DOWN LEGACY K-TIG WELDING BUSINESS
    • RESOLVED TO WRITE-DOWN REMAINING K-TIG INVENTORY TO A NET REALISABLE VALUE OF NIL
    • WILL RECOGNISE ONE-OFF, NON- CASH IMPAIRMENT CHARGE OF A$1.31 MILLION BEFORE TAX IN ITS FINANCIAL STATEMENTS FOR FY ENDED JUNE 2026
    • IMPAIRMENT CHARGE ITSELF IS NON-CASH, NO IMPACT ON CO'S CASH POSITION
    Further company coverage: MPW.AX

     ((Reuters.Briefs@thomsonreuters.com;))

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