In New Hampshire, Itaconix plc provided an update on the expected impacts of recent US trade actions, confirming that trading for 2025 remains aligned with Board expectations. The tariffs are anticipated to increase production costs but also yield positive impacts on US and European revenues. To maintain profit margins, the company is implementing selective price increases and supply chain cost reductions. Itaconix built finished goods inventories in 2024 to mitigate the short-term impact of tariffs on imported raw materials. While five raw materials come from Asia, some are exempt, others face tariffs under 25%, and one low-percentage material has a tariff greater than 100%. The company benefits from a favorable Euro exchange rate and expects opportunities from shifts in US detergent supply chains caused by tariffs on imports from China and Canada.
More on the story.
