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An announcement from Waterco Limited ( (AU:WAT) ) is now available.
Waterco Limited has announced the acquisition of land in Malaysia, where its subsidiary, Waterco Far East, plans to build a new manufacturing facility. This strategic move aims to consolidate operations, resulting in significant cost savings, improved operational efficiency, and increased production capacity. The new facility, set for completion by the end of FY2026, is expected to enhance Waterco’s market position by optimizing logistics, reducing costs, and supporting sales growth in Europe and North America.
More about Waterco Limited
Established in 1981 and listed on the ASX in 1989, Waterco Ltd manufactures and distributes a diverse range of products for the international swimming pool and water treatment markets. It is also the franchisor of Swimart and distributor of Zane Pool Heating solutions, operating in over 40 countries with offices and facilities in several regions including Australia, New Zealand, and Malaysia.
YTD Price Performance: -0.12%
Average Trading Volume: 2,696
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$281.3M
Find detailed analytics on WAT stock on TipRanks’ Stock Analysis page.
