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Zumtobel Group AG: Zumtobel Group shapes the future of its U.S. organization
Dornbirn (pta010/01.08.2025/08:30 UTC+2)
As part of its ongoing strategic review, the Zumtobel Group has decided to cease manufacturing production at its Highland, New York, USA location. This decision is part of the implementation of the updated FOCUSED[+] strategy, which is intended to align the company's focus on its core markets and align its global production facilities to best meet changing international market conditions and demands. This approach will best enhance the ability to ensure the resilience and long-term competitiveness of the Zumtobel Group and its three strong brands.
Due to the current strained economic situation and the resulting low production volume in the USA, the management of Zumtobel Lighting Inc., USA, has decided to cease production at the Highland facility, which has been structurally unprofitable and significantly underutilized for some time. The Management Board of Zumtobel Group AG supports this decision.
Zumtobel Group AG expects this closure will result in a one-time, non-recurring charge of approximately EUR 9 million. Most of these effects will be recorded in the 2025/26 financial year. However, these one-time effects are expected to be more than offset in the following years.
Approximately 70 employeesin production, research & development, logistics, and administration will be affected by the closure.
Sales operations in the Americas to be restructured
Despite this closure, the Zumtobel Group will continue to maintain a strong sales and marketing presence in the U.S. through a new sales and distribution structure. Sales operations for the Americas will be divided into two independent units: North America and South America. The goal is to continue providing reliable support to existing customers, architects, and planners, while tapping into and expanding in new markets. Future deliveries to the American markets will be handled through the Zumtobel Group's global production and distribution network.
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Emitter: |
Zumtobel Group AG Höchster Straße 8 6850 Dornbirn Austria |
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Contact Person: | Eric Schmiedchen | |
Phone: | +43 5572 509 1125 | |
E-Mail: | eric.schmiedchen@zumtobelgroup.com | |
Website: | z.lighting | |
ISIN(s): | AT0000837307 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |