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Austin Engineering Limited ( (AU:ANG) ) has provided an announcement.
Austin Engineering has strategically repositioned its US business to mitigate the impact of newly imposed US tariffs on imports from Mexico and Canada. By developing a new supply chain for truck tray sub-assemblies using Canadian contractors, the company has ensured continuity in its operations while freeing up capacity at its Wyoming facility to meet increased US demand. This move is expected to be cost-neutral due to offsetting factors such as reduced freight and steel costs in Canada.
More about Austin Engineering Limited
Austin Engineering is a global engineering company specializing in innovative solutions for the mining industry. They design and manufacture loading and hauling solutions such as dump truck bodies, buckets, and water tanks, supporting both open-cut and underground operations. The company also provides repair and maintenance services and is headquartered in Perth, with operations in Australia, USA, Chile, and Indonesia.
YTD Price Performance: 7.50%
Average Trading Volume: 7,543
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $193.4M
For detailed information about ANG stock, go to TipRanks’ Stock Analysis page.
