Rogers restructures to better serve power electronics, PCB, foam customers

April 6, 2012 – BUSINESS WIRE — Materials supplier Rogers Corporation (NYSE: ROG) shared an update on its restructuring and streamlining initiatives, which are expected to save about $13 million (annualized savings) by Q4.

Rogers made improvements in supply chain and manufacturing operations efficiencies, focused on cost reduction across its businesses, and reduced headcount through a voluntary retirement program and the elimination of some positions.

As a result of the reorganization, product development, marketing and sales resources are now better aligned with its growth businesses: Printed Circuit Materials, High Performance Foams, and Power Electronics Solutions. Additional resources have been allocated to marketing and new business development activities to stimulate growth and expand revenue opportunities. Rogers will continue its active partnering and acquisition strategy for several of its core businesses.

Among the other improvement initiatives that concluded in the first quarter was the liquidation of the Company

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