Ryobi Limited has opted to freeze the project announced in May 2024 to expand the factory building and augment the casting equipment at its group company, RDCM, S. de R.L. de C.V. in Irapuato, State of Guanajuato, Mexico. This move comes in response to revised production plans from a major customer.
Ryobi will continue to closely monitor market trends and customer demand forecasts to determine optimal investment timing, striving for sustainable growth and enhanced corporate value.
Reference
Ryobi to Expand Mexico-based Factory, Augmenting Its Casting Facilities