Syharvest Aluminum Adapts to New Export Tax Rebate Policies with Strategic Innovations and Green Initiatives [Yahoo! Finance]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
policy, impacting various industries, including aluminum manufacturing and export. Syharvest Aluminum, a prominent player in the aluminum extrusion sector, has taken proactive measures to address both the immediate and future challenges posed by this adjustment. Eddie Tan , CEO of Syharvest Aluminum, emphasized the dual nature of policy changes, stating, "Policy changes bring challenges, but they also create opportunities. With leading digital transformation initiatives and expertise in precision manufacturing, Syharvest is well-positioned to deliver superior products and services to a global clientele while contributing to the green transformation of the industry." The policy adjustments, effective from December 1, 2024 , will see the cancellation of export tax rebates for aluminum products and a reduction in the rebate rate for specific refined oil, photovoltaic components, batteries, and non-metallic minerals from 13% to 9%. In response to the evolving policy landscape, Syharve
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