Woodward, Inc. (NASDAQ: WWD) announced plans to wind down its on-highway natural gas truck business in China as part of its strategy to focus on key end-markets.
The decision aims to optimize Woodward's product portfolio and deliver leading control solutions to customers in Transportation, Power Generation, and Oil & Gas markets.
Despite efforts to sell the China OH business, Woodward will wind down operations by the end of the fiscal year due to challenging business dynamics.
Strategic Focus
The wind down of the China OH business aligns Woodward's Industrial portfolio with priority end-markets for long-term growth.
Resource Realignment
The decision allows resources to be realigned to reinforce focus on delivering leading controls solutions to customers.
Financial Performance
The China OH business did not significantly contribute to Woodward's overall financial performance in fiscal year 2025.
- Woodward's strategic decision to wind down the China OH business will impact a small manufacturing facility in China along with sales, engineering, and product support staff.
- The wind-down reflects the company's commitment to optimizing its product portfolio and focusing on delivering value to key markets like Transportation, Power Generation, and Oil & Gas.
Woodward's move to wind down its China On-Highway Natural Gas Truck Business demonstrates a proactive approach to enhancing strategic focus and creating long-term shareholder value.