The company was able to increase its sales volumes, in particular within the EMLA and APAC regions, with the former benefiting from higher plant availability. Due to lower average selling prices associated with lower raw material prices being passed on to customers, sales fell slightly.
The court is expected to appoint an insolvency administrator to examine the possibility of continuing business operations and possible options for restructuring and/or selling the business in due course.
Although sales are still down since the previous year, the good start into the year gives the company confidence that it can achieve its targets for the fiscal year.
The MarketsAndMarkets report explains that rising infrastructure development in developing economies, and aesthetically appealing materials in vehicle interiors, serve as significant drivers for innovation.
The versatile stain color enhances the natural beauty of wood grain, while providing protection on exterior surfaces that will not only elevate the aesthetic of outdoor spaces but stand the test of time.
The conference will take place at the William Gray Hotel in Montreal on May 22-23, 2024.
The program includes various topics of interest to the CASE industry in Canada, and a new interactive discussion session titled "CASE Industry Speaks."
A global, cross-functional GM team rigorously selects Supplier of the Year award winners based on performance, innovation, cultural alignment with GM’s values, and commitment to achieving GM’s ambitious goals.
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