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The latest announcement is out from Straumann Holding AG ( (CH:STMN) ).
Straumann Holding AG has announced a strategic investment of 60 to 80 million CHF in its Villeret site over the next five years to enhance its role as a competence center for innovation and precision manufacturing. This investment will focus on advanced technologies and infrastructure modernization, while also addressing workforce adjustments due to the relocation of production for the Chinese market to a new campus in Shanghai. The move aims to secure competitiveness in China, which accounts for over 15% of Straumann’s global revenue, and ensure long-term growth and market positioning. The changes could affect up to 250 positions in Villeret, with a consultation process underway to explore socially acceptable solutions.
The most recent analyst rating on (CH:STMN) stock is a Buy with a CHF157.00 price target. To see the full list of analyst forecasts on Straumann Holding AG stock, see the CH:STMN Stock Forecast page.
More about Straumann Holding AG
The Straumann Group is a leading global company in dental replacement and orthodontic solutions, known for its excellence, innovation, and quality in dental replacement, corrective, and digital dentistry. Headquartered in Basel, Switzerland, the group collaborates with clinics, institutes, and universities to research, develop, produce, and deliver a wide range of dental products and solutions. Straumann employs nearly 12,000 people worldwide and operates in over 100 countries.
Average Trading Volume: 434,013
Current Market Cap: CHF16.98B
See more insights into STMN stock on TipRanks’ Stock Analysis page.