WACOAL HOLDINGS (JP:3591) has released an update.
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Wacoal Holdings Corp. has announced a strategic consolidation and reorganization of its domestic production bases to improve profitability and efficiency in line with its revised medium-term management plan. The restructuring will reduce the number of factories from five to two, with the transfer of the Fukuoka Factory’s business to Reliance Co., Ltd., and the planned closure of Kumamoto and Niigata Factories by January 2025. This move is aimed at enhancing the company’s competitive advantages and corporate value by optimizing operations and focusing on high-technical quality and efficient delivery.
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