Key 2013 Highlights:
Harold Bevis, Xerium's President and Chief Executive Officer said, “Q2 2013 was another good quarter for both of the businesses - our synthetic textiles business and our service and repair business. The paper industry is our primary end-market and industry growth is a couple of percent, according to published sources. Our service and repair business continues to grow a little higher than this, indicating a shift by our customers to perform services externally versus internally."
“A large portion of our higher-growing areas are capacity limited and we are working to resolve these bottlenecks. In almost all cases, there are long lead times involved. But we are setting the stage for higher growth and lower costs pointed at higher growing market opportunities. These are long-term moves for the company. Additionally, we are expanding and increasing our sales growth initiatives, especially outside core legacy markets."
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