Caesarstone(CSTE) - 2023 Q2 - Quarterly Report
Caesarstone(CSTE)2023-05-09 16:00
- Revenues of $150.6 Million - - Initiates Global Restructuring Plan, Commencing with Closing Its Manufacturing Facility in Sdot-Yam, Israel, Consolidating its Production Footprint and Rationalizing Operating Costs - Shiran continued, "As a first major step in our restructuring plan, we have stopped production at our Sdot-Yam facility in Israel and are taking actions to permanently close the site. This difficult yet necessary step is expected to improve efficiencies, reduce costs and allow us to create a mo ...