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Dorel Ind at Scotia Capital Conference
25 Sep '06
2 min read
Senior management of Dorel Industries Inc told a Toronto investment conference that its Ameriwood Industries division has secured price increases with many of its ready-to-assemble (RTA) furniture customers.
The increases are expected to take effect during the fourth quarter this year.
During a presentation this morning to investors attending the Scotia Capital "Back to School" Conference in Toronto, Dorel President and CEO, Martin Schwartz said that challenges remain in the Company's domestic operations.
"While the particle board situation has eased somewhat, shortages continue to affect us. I am confident that Dorel will emerge as a thriving force in an industry which continues to consolidate.”
“We have the resources to sustain these situations; we have made a commitment to make the necessary adjustments to ensure that our RTA furniture operations deliver the required levels of profitability."
"We are working hard on achieving the required improvement. Despite the external pressures which keep occurring, we fully anticipate success, but to be clear, we are not yet there."
Mr. Schwartz outlined several new RTA furniture items which have been launched over the past several months at various mass merchants. "Ameriwood has an aggressive plan in place to launch exciting new products, build on strong brands and seek out new customers."
"These initiatives have produced some very concrete results. An enhanced new product development capability has resulted in a flow of numerous new products, many you would never think are RTA and allows for faster speed-to-market, from conception to delivery."
The increases are expected to take effect during the fourth quarter this year.
During a presentation this morning to investors attending the Scotia Capital "Back to School" Conference in Toronto, Dorel President and CEO, Martin Schwartz said that challenges remain in the Company's domestic operations.
"While the particle board situation has eased somewhat, shortages continue to affect us. I am confident that Dorel will emerge as a thriving force in an industry which continues to consolidate.”
“We have the resources to sustain these situations; we have made a commitment to make the necessary adjustments to ensure that our RTA furniture operations deliver the required levels of profitability."
"We are working hard on achieving the required improvement. Despite the external pressures which keep occurring, we fully anticipate success, but to be clear, we are not yet there."
Mr. Schwartz outlined several new RTA furniture items which have been launched over the past several months at various mass merchants. "Ameriwood has an aggressive plan in place to launch exciting new products, build on strong brands and seek out new customers."
"These initiatives have produced some very concrete results. An enhanced new product development capability has resulted in a flow of numerous new products, many you would never think are RTA and allows for faster speed-to-market, from conception to delivery."
Dorel Industries Inc
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