Canadian defence company Roshel opens U.S. plant in Detroit [Yahoo! Finance Canada]
Royal Bank Of Canada (RY)
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Source: Yahoo! Finance Canada
The 40,000-square-foot plant in Shelby, Mich., opens about a month before president-elect Donald Trump assumes his second term in office, which is when he plans to impose 25 per cent tariffs on all Canadian products. Chief executive and founder Roman Shimonov said the plant will allow Roshel to avoid the worst impacts of the tariffs. “Definitely, it is related to Trump's administration and also definitely to potential changes in the way tariffs are working,” he said. “As of today, we are getting most of our orders from the U.S. government.” But Shimonov said planning for the facility started two years ago, in part because so many of the company's clients are U.S.-based government agencies or companies and the company purchases many of the materials it uses in the U.S. Roshel produces armoured vehicles, sometimes by upgrading vehicles such as the Ford F-550, to withstand blasts, bullets and other security threats. The company's U.S.-based clients include the U.S. Department of
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- 12/4/24 - Beat
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Sec Filings
- 12/26/24 - Form FWP
- 12/26/24 - Form FWP
- 12/26/24 - Form 424B2
- RY's page on the SEC website