Austin Engineering's US Business to Benefit from Trump's Mining Regulation Cuts, Euroz Hartleys Says

MT Newswires Live

Feb 05, 2025

Austin Engineering's (ASX:ANG) US business is poised to benefit from US President Trump administration's efforts to reduce mining red/green tape, according to a Tuesday note by Euroz Hartleys.

On Monday, the company said it has repositioned its US operations to avoid the impact of recent US tariffs on imports from Mexico, Canada, and China.

The company developed a new supply chain route using Canadian contractors for truck tray sub-assemblies and has completed 10 truck body sub-assembly kits with two contractors.

Austin Engineering's move to shift its truck body sub-assembly productions to Canada has freed up capacity at its Casper, Wyoming facility to meet rising US demand.

Euroz notes that ANG's US facility is experiencing strong growth and will need extra capacity to meet demand.

Eruoz Hatleys maintained ANG's buy rating and its price target of AU$0.85.

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