tiprankstipranks
Acerinox’s Strategic Moves Amid Market Challenges
Company Announcements

Acerinox’s Strategic Moves Amid Market Challenges

Acerinox (ES:ACX) has released an update.

Don't Miss our Black Friday Offers:

Acerinox has shown resilience in the third quarter of 2024, achieving an EBITDA of 114 million euros despite weak demand in Europe and the U.S. The company has increased production by 21% following a new agreement at its European plant after a five-month strike and has agreed to sell Bahru Stainless for 95 million dollars. Additionally, the acquisition of Haynes International awaits final approval, which will bolster Acerinox’s presence in the North American market and the high-performance alloys sector.

For further insights into ES:ACX stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Spain Auto-Generated NewsdeskAcerinox Expands U.S. Presence with Haynes Acquisition
TipRanks Spain Auto-Generated NewsdeskAcerinox Expands with Haynes International Acquisition
TipRanks Spain Auto-Generated NewsdeskAcerinox to Finalize Haynes Acquisition Soon
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App