ARB Seeks to Boost North America Growth with Fully Integrated US Platform

MT Newswires Live
Jun 01

ARB (ASX:ARB) said it seeks to create a fully integrated US platform with localized product development and marketing as well as multi-channel distribution to accelerate profitable growth, according to a Monday Australian bourse filing.

The company said it is investing in US-based innovation, including designing products specifically for US consumers as well as solution-based engineering for North American vehicle platforms. It estimated its investment at AU$12 million per year at a five-year average.

The company's shares were down nearly 1% in recent Monday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10