manufacture

Sweeping export restrictions China imposed on the sector in early October sent shockwaves across global manufacturing sectors.

Nicklaus Cos., founded in 2007 when Nicklaus sold a large stake in his design, equipment manufacturing and licensing businesses, is expected to explore a sale of its business or a reorganization in chapter 11.

However, recycling vapes is not straightforward because of their size and the way they are manufactured, making them difficult to take apart.

Already since April, Beijing has required licences for certain exports of the materials, hitting global manufacturing sectors.

UBS analyst Jon Windham described the latest results as a “positive,” given the company’s increasing focus on improving profitability in the face of lasting production delays at its U.S. manufacturing facilities.