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Rogers Plans To Streamline Operations; Intends To Wind Down Manufacturing Of Advanced Circuit Materials And Other Related Activities At Its Evergem, Belgium Factory By Mid-2025

Author: Benzinga Newsdesk | June 06, 2024 05:02pm

Rogers will continue to support its advanced circuit materials customers through its existing footprint in China and the U.S.

These actions are expected to improve operating profit between $7 to $9 million annually, once fully implemented. To achieve these savings the Company expects to incur total charges in the range of $18 to $28 million, comprised of employee severance and related shutdown expenses.

 

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