Cavendish Hydrogen ASA exits South Korea
Norway, Sept. 30 -- Cavendish Hydrogen ASA announces its decision to exit the South Korean market as part of a strategic alignment. Despite offering market-leading solutions, the company has faced persistent challenges in achieving commercial traction in a region dominated by local players. Hence, Cavendish sees limited possibilities to establish a sustainable position in the South Korean market.This decision follows a thorough evaluation of Cavendish's global footprint and is aimed at reducing operational complexity and costs, as well as focusing resources on where the outlook is strongest. To protect and enhance shareholder value, strategic focus will be directed toward markets where demand, competitiveness, and growth potential are most ...
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