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Investing.com -- Shares of Munters Group AB (ST:MTRS) rose over 2% on Tuesday following the company’s announcement of a new production facility in Amesbury, Massachusetts, a move seen by analysts as reinforcing the Swedish company’s North American growth strategy.
The 430,000 square foot site will focus on manufacturing desiccant humidification and climate control products, while also hosting regional service operations.
The facility underscores Munters’ aim to boost its footprint in the region by localizing production and improving operational efficiency.
The opening comes as part of a broader plan to double the company’s size, with the Amesbury facility contributing to expanded production capacity and enhanced customer service.
Jefferies noted that the investment supports Munters’ sustainability objectives as well, citing the site’s reliance on electrified processes, energy-efficient systems, and renewable electricity. The company is targeting a 50% reduction in its climate footprint by 2030.
Nearly 350 people are employed at the new site, spanning roles in operations, R&D, sales, service, and administration.
The expansion arrives amid broader momentum in Munters’ operations. The company earlier reported a strong first-quarter performance for 2025, including a 14% EBITA beat, and continues to see valuation upside despite recent macroeconomic uncertainties.