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SYPR - Sypris nabs contract for side-by-side drivetrain components
Sypris Solutions Inc.
2023-04-03 08:45:40 ET
Sypris Technologies, subsidiary of Sypris Solutions ( NASDAQ: SYPR ), received a new program to supply drivetrain components for use in the production of a new model of side-by-side utility-terrain vehicles.
Terms of the multi-year agreement remain undisclosed.
Production is expected to begin in 2024.
As per Technavio Research, the all-terrain vehicle market is reported to grow at a compound annual growth rate of 16.8% between 2020 and 2025.