RocTool SA (FR:ALROC) has released an update.
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RocTool SA, a technology company specializing in heating and cooling for moldings, reported a significant revenue drop of 41% in the first half of 2024 compared to the previous year, attributed to a downturn in the automotive sector. Despite this, the company is diversifying with new projects in luxury, beauty, and consumer goods, and is actively reducing costs while partnering with ENRX to promote their technology in China and the United States. RocTool remains optimistic, leveraging its patented R-IDS™ technology and focusing on environmental solutions to tap into a growing market concerned with energy preservation and carbon footprint reduction.
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