Reliance Worldwide to close brass manufacturing ops
- Reliance Worldwide announced the closure of its brass manufacturing operations in Australia.
- The structural changes are projected to deliver a US$9 million annual operating earnings uplift by the end of FY27.
- The closures follow a long-term decline in Australian brass production volumes as manufacturing shifts closer to international end markets.
Reliance Worldwide (ASX:RWC) has announced plans to close its brass casting, forging, and machining operations in Moorabbin and Braeside.
The company stated that a sustained reduction in local production volumes meant it was no longer economically viable to continue operating the Australian facilities.
The closure of these Australian brass manufacturing facilities is expected to affect approximately 85 employees.
The business has commenced consultations with the impacted staff and expects to complete this process during July.
Following the announcement, the Reliance Worldwide share price was down at $3.51.
The decline in local volumes reflects recent automation investments at the company's Alabama facility in the United States.
The domestic shift has also been driven by a 2025 transition to sourcing APAC region brass components from third-party vendors in Asia.
