NYSE:ENSElectrical
Should EnerSys’ Costly Shift to U.S. TPPL Production Require Action From ENS Investors?
Earlier this week, EnerSys announced it will close its legacy lead-acid battery plant in Tijuana, Mexico, shifting most production to its advanced Thin Plate Pure Lead facility in Springfield, Missouri, a move expected to incur about US$37.00 million in pre-tax charges and target roughly US$20.00 million in annual pre-tax benefits from fiscal 2028.
The decision highlights EnerSys’ push to concentrate manufacturing in higher-technology, U.S.-based operations while managing restructuring...