Suprajit Engineering Limited has informed the Exchange regarding a press release dated July 16, 2025, titled "Press Release on Business update - Suprajit Control Division dated July 16, 2025".
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Suprajit Engineering has announced the final phase of restructuring at its Suprajit Controls Division (SCD). Mexico operations are being consolidated with the Juarez plant closing by December 2025, low-volume products moving to Wichita (USA), and the Brownsville warehouse being expanded. Canada operations are shifting to a single larger 30,000 sq.ft. facility in Mississauga by September. Germany operations (SGG) are being right-sized after relocating production to Morocco and warehousing to Hungary, with the changes completing by December 2025. Total one-time restructuring expense is approximately $500K in Mexico and €1.1M in Germany, with expected annual savings of about $750K and €850K respectively. The company confirms these actions are within budgeted plans and Q4 operational data will reflect the impact.
Positive for shareholders in the medium term — these restructuring steps should deliver combined annual savings of around $1.6M (€850K + $750K) against one-time costs of roughly $1.7M, improving margins and operational efficiency across SCD's global footprint including the recently acquired SCS assets.