Rogers Corporation to wind down some activities at Belgium factory by mid-2025

Rogers Corporation announced today plans to drive further operational efficiency and margin improvement. Rogers intends to wind down manufacturing of advanced circuit materials and other related activities at its Evergem, Belgium factory by mid-2025. Rogers will continue to support its advanced circuit materials customers through its existing footprint in China and the United States. These actions are expected to improve operating profit between $7M to $9M annually, once fully implemented. To achieve these savings the company expects to incur total charges in the range of $18M to $28M, comprised of employee severance and related shutdown expenses.