Business
Epiroc To Consolidate North American Drilling Tools Manufacturing
Epiroc To Consolidate North American Drilling Tools Manufacturing
About this update from Epiroc Ab Class A
Epiroc AB OMXSTO:EPI_A:EPIROC TO CONSOLIDATE NORTH AMERICAN DRILLING TOOLS MANUFACTURINGWILL CONSOLIDATE SOME OF ITS DRILLING TOOLS MANUFACTURING FROM CANADA TO MEXICO TO INCREASE EFFICIENCYAS A RESULT, MANUFACTURING SITE IN LANGLEY, CANADA, WILL BE CLOSEDRELOCATION OF PRODUCTION EQUIPMENT FROM CANADA TO MEXICO WILL BEGIN IN Q3 2025AROUND 65 EMPLOYEES WILL BE AFFECTED AND EPIROC WILL HAVE RESTRUCTURING COSTS OF APPROXIMATELY MSEK 70 (EXCLUDING TAX IMPACTS) IN Q2 2025BUSINESS TO BE MOVED BELONGS TO TOOLS DIVISION.