02 July 2013 21:26 [Source: ICIS news]
HOUSTON (ICIS)--A Schulman’s streamlining of its operations in ?xml:namespace>
During A Schulman’s fiscal third quarter, which ended 31 May 2013, the company began consolidating two facilities in Brazil and providing products for the Latin America region out of its Mexico facility, said CEO Joseph Gingo during a conference over the compounder’s Q3 earnings.
Operating costs and longer lead times ensued, and some sales were lost, Gingo said. Operating costs in
Products for the Brazilian market should return to local production in the first quarter of fiscal 2014, the CEO said.
A Schulman reported that net sales in the
Excluding the ECM impact, A Schulman’s gross profit in the
Gingo called the issues that cropped up as a result of the Brazilian restructuring and the temporary move of production to
“I think the situation in
A Schulman expects better business from
“It's being addressed, and we've got action plans that are going to handle it,” he said.
($1 = €0.77)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections