Home / Knowledge / News / Textiles / Xerium market capitalization recovers in last two quarters
Xerium market capitalization recovers in last two quarters
04
Sep '13
Xerium Technologies, Inc., a leading global provider of industrial consumable products and services, announced that it has received notice from the New York Stock Exchange (NYSE) informing the company that is has regained full compliance with all NYSE quantitative listing standards.

Xerium had fallen out of compliance with NYSE listing standards in 2012 as a result of poor performance and an inadequate market capitalization. Since that time, the company made a few leadership changes and began a fundamental restructuring of its business. The NYSE’s decision is a result of Xerium’s markedly improved performance over the last 2 quarters and a recovered market capitalization.

“We are happy that our improved performance has led the NYSE to return Xerium to full compliance,” said Harold Bevis, Xerium’s President and CEO. “We are at the beginning of the restructuring of Xerium’s operations and we are pleased with our initial results. Xerium is committed to improving its results and increasing shareholder value.”

About Xerium Technologies

Xerium Technologies, Inc. is a leading global provider of industrial consumable products and services. Xerium utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 28 manufacturing facilities in 12 countries around the world, Xerium has approximately 3,200 employees.

Xerium Technologies

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search