FilingReader Intelligence

US tariffs threaten Impro Precision operations

August 18, 2025 at 12:19 AM UTCBy FilingReader AI

New 50% US tariffs on 407 steel and aluminum derivatives, effective August 18, 2025, will impact 60% of Impro Precision Industries' US-bound products sold on delivered duty paid terms.

The tariffs exceed the group's gross profit margin, making continued supply commercially unfeasible. US sales represented 44.4% of total revenue in 2024. The company is negotiating cost-sharing arrangements with customers.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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