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BREAKING NEWS

BREAKING NEWS

Cable maker Volex moves some production out of China

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(Reuters) – Electrical cable supplier Volex Plc said on Thursday that it had moved some of its manufacturing capacity out of China, hit by U.S. tariffs on Chinese goods.

The relocations led to higher costs for the company, but it had mitigated significant impact on profit as it was boosted by its acquisitions, Volex said.

(Reporting by Pushkala Aripaka in Bengaluru; editing by Gopakumar Warrier)

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