FilingReader Intelligence
US tariffs threaten Impro Precision operations
August 18, 2025 at 12:19 AM UTC•By 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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