Caesarstone Provides Business Updates
This decision is expected to contribute savings of approximately $20 million annually by optimizing its manufacturing footprint.
- This decision is expected to contribute savings of approximately $20 million annually by optimizing its manufacturing footprint.
- Yos Shiran, Chief Executive Officer of Caesarstone, commented, “Our manufacturing network has been undergoing restructuring since earlier this year with the focus of optimizing our global production footprint.
- Caesarstone expects annualized cash savings of approximately $20 million with the effect commencing during 2024, in addition to exploring opportunities to monetize the asset in the future.
- Yos Shiran, added “The Caesarstone brand is well known in Australia and its products have earned tremendous success over the years.