Suprajit restructures controls division across three countries
Suprajit Engineering is restructuring its Controls Division across multiple countries.
Mexico operations will consolidate from Juarez to Matamoros, with some high-value products moving to Wichita, USA. The Juarez plant closes by December 2025, costing ~$500K but saving ~$750K annually.
Canada will consolidate two facilities into a single 30,000 sq.ft. facility by end-September with minimal financial impact.
Germany operations are rightsizing following relocations to Morocco and Hungary, incurring ~€1.1M expense but generating ~€850K annual savings.
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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