Brief: Rogers Corporation Announces Further Actions To Streamline Operations And Drive Margin Improvement

Rogers

06/06/2024 22:14

June 6 (Reuters) - Rogers Corp  ROG.N :
    * ROGERS CORPORATION ANNOUNCES FURTHER ACTIONS TO STREAMLINE
OPERATIONS AND DRIVE MARGIN IMPROVEMENT
    * ROGERS CORP - ADVANCED CIRCUIT MATERIALS MANUFACTURING
OPERATIONS TO BE CONSOLIDATED
    * ROGERS CORP - EXPECTS TO INCUR TOTAL CHARGES IN RANGE OF
$18 TO
$28 MILLION
    * ROGERS - INTENDS TO WIND DOWN MANUFACTURING OF ADVANCED
CIRCUIT
MATERIALS AND OTHER RELATED ACTIVITIES AT ITS EVERGEM, BELGIUM
FACTORY BY MID-2025
    * ROGERS CORP -  TO INCUR CHARGES COMPRISED OF EMPLOYEE
SEVERANCE
AND RELATED SHUTDOWN EXPENSES
    * ROGERS CORP: ACTIONS ARE EXPECTED TO IMPROVE OPERATING
PROFIT
BETWEEN $7 TO $9 MILLION ANNUALLY, ONCE FULLY IMPLEMENTED

Source text for Eikon:  ID:nBw937ykva 
Further company coverage:  ROG.N 

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