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Reliance Worldwide closes Australian brass sites
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Reliance Worldwide closes Australian brass sites
The Reliance Worldwide Corporation Ltd (ASX: RWC) share price is in focus after the company announced further steps in its global manufacturing footprint rationalisation. Reliance Worldwide expects a US$9 million annual uplift to group operating earnings by the end of FY27. What did Reliance Worldwide report? Planned closure of brass casting, forging, and machining operations in Moorabbin and Braeside, Victoria, plus smaller sites. Expected net…
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