Brief: Trimas Streamlines Manufacturing Footprint

TriMas

07/07/2023 18:14

July 7 (Reuters) - TriMas Corp  TRS.O :
    * TRIMAS STREAMLINES MANUFACTURING FOOTPRINT
    * TRIMAS CORP - WILL BE CLOSING A 160,000 SQ. FT. LEASED MANUFACTURING
FACILITY
LOCATED IN ROHNERT PARK, CALIFORNIA
    * TRIMAS CORP - EXPECTS TRANSITION TO BE COMPLETED BY END OF 2023
    * TRIMAS CORP - TRIMAS PACKAGING WILL BE CONSOLIDATING TWO MANUFACTURING
FACILITIES LOCATED IN CHINA INTO ONE NEW FACILITY
    * TRIMAS CORP - WILL ALSO BE INSOURCING A THIRD-PARTY WAREHOUSE AND
DISTRIBUTION
CENTER IN NEW JERSEY TO DIRECTLY CAPTURE LOGISTICS SAVINGS
    * TRIMAS CORP - EXPECT TO EXPERIENCE BENEFITS OF STREAMLINING ACTIONS IN
2024

Source text for Eikon:  ID:nBw5WQHZ3a 
Further company coverage:  TRS.O 

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