Home / Knowledge / News / Textiles / Xerium Technologies posts 6% sales decline in Q1
Xerium Technologies posts 6% sales decline in Q1
May '12
Xerium Technologies Inc, a leading global manufacturer of industrial textiles and roll covers used primarily in the paper production process, announced today the results of its operations for the quarter ended March 31, 2012.

Net sales decreased approximately 6% compared to the quarter ended March 31, 2011 and net (loss) income per diluted share decreased to $(0.50) from $0.04 for the quarter ended March 31, 2012 compared to 2011.

“The gradually increasing orders for paper machine clothing and roll coverings we've received in the first quarter of 2012 add to our confidence that we will experience steadily improving market conditions as the year progresses,” said Stephen R. Light, President, Chief Executive Officer and Chairman.

“Clearly the challenge we face in 2012 and beyond is how to further reduce our costs to lessen the impact of the industry's negative cycles, while we simultaneously drive to increase revenues.

“During the last four years, we've aggressively attacked our variable costs by: improving weaving yields by as much as 30% to consume less material, simplifying and speeding up many of our old processes, increasing our focus on trade working capital and improving total working capital by 25.4% since 2008, and reducing headcount approximately 15% in our core units, while substantially growing our presence in Asia by nearly 50%.

“We've closed numerous facilities and transferred work to areas where costs were lower. We've tightly controlled capital investment. Finally, we've consolidated many back office functions to reduce regional duplication.

“To move the Company to the next performance level and restore our historical margins, while adapting to the ever changing dynamics of the paper industry, we'll capitalize on the improvements we've made to further rationalize our numerous facilities and reduce our fixed costs.”

Click here to read more details:

Xerium Technologies Inc

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search