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Lintec ( (JP:7966) ) has provided an update.
Lintec Corporation announced the shutdown of one of its paper machines at the Kumagaya Plant as part of a restructuring effort to improve profitability in its Fine & Specialty Paper Products Operations. This decision comes in response to challenging market conditions, including sluggish orders and rising raw material costs, and aims to enhance production efficiency by reallocating production to remaining machines, while retaining affected employees.
The most recent analyst rating on (JP:7966) stock is a Hold with a Yen3700.00 price target. To see the full list of analyst forecasts on Lintec stock, see the JP:7966 Stock Forecast page.
More about Lintec
Lintec Corporation operates in the paper industry, focusing on fine and specialty paper products. The company is known for producing various paper products, including color papers, fancy papers, and base papers for converting, with a market focus on specialty applications.
Average Trading Volume: 210,331
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen204.2B
For detailed information about 7966 stock, go to TipRanks’ Stock Analysis page.