Epiroc Ab Class AOMXSTO: EPI_A

Epiroc To Consolidate North American Drilling Tools Manufacturing

· Issued by Epiroc Ab Class A
Watch Epiroc Ab Class A explain itEpiroc AB (publ) (EPI_A) Q2 2026 Earnings Call · Replay · Jul 17

Epiroc AB OMXSTO:EPI_A:

  • EPIROC TO CONSOLIDATE NORTH AMERICAN DRILLING TOOLS MANUFACTURING

  • WILL CONSOLIDATE SOME OF ITS DRILLING TOOLS MANUFACTURING FROM CANADA TO MEXICO TO INCREASE EFFICIENCY

  • AS A RESULT, MANUFACTURING SITE IN LANGLEY, CANADA, WILL BE CLOSED

  • RELOCATION OF PRODUCTION EQUIPMENT FROM CANADA TO MEXICO WILL BEGIN IN Q3 2025

  • AROUND 65 EMPLOYEES WILL BE AFFECTED AND EPIROC WILL HAVE RESTRUCTURING COSTS OF APPROXIMATELY MSEK 70 (EXCLUDING TAX IMPACTS) IN Q2 2025

  • BUSINESS TO BE MOVED BELONGS TO TOOLS DIVISION.