Syharvest Aluminum Adapts to New Export Tax Rebate Policies with Strategic Innovations and Green Initiatives [Yahoo! Finance]
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SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: Yahoo! Finance
Syharvest Aluminum, a leader in the aluminum extrusion sector, has announced measures to proactively adapt to these changes. Eddie Tan , CEO of Syharvest Aluminum, noted, "Policy changes bring challenges, but also opportunities. With digital transformation and expertise in precision manufacturing, Syharvest is poised to deliver high-quality products while contributing to the industry's green transformation." Starting December 1, 2024 , the policy cancels export tax rebates for aluminum products and reduces rebates for specific refined oil, photovoltaic components, and non-metallic minerals from 13% to 9%. In response, Syharvest has implemented a comprehensive strategy. In the short term, the company has leveraged the 14-day window between the policy announcement and its implementation to prioritize shipments for export clients. By operating around the clock and utilizing digital systems implemented since 2023, Syharvest has significantly increased its production capacity from 50
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