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Caesarstone Ltd. CSTE announced the closure of its Richmond Hill manufacturing facility, effective from mid-January 2024, consistent with its restructuring plan initiated in mid-2023. This is likely to contribute $20 million in annual savings by optimizing its manufacturing footprint.
CSTE expects to incur restructuring expenses and a one-time non-cash impairment charge of $45-$55 million in fourth-quarter 2023. Total cash costs related to operations through 2024 are projected to be $3-$5 mil...
>>> Read more: Caesarstone (CSTE) to Close Richmond Hill Manufacturing Facility
CSTE expects to incur restructuring expenses and a one-time non-cash impairment charge of $45-$55 million in fourth-quarter 2023. Total cash costs related to operations through 2024 are projected to be $3-$5 mil...
>>> Read more: Caesarstone (CSTE) to Close Richmond Hill Manufacturing Facility
