table setting
Our company is one of the most recognized brand names in consumer housewares in the United States and the leading brand name in glass tableware. Its products are sold in major retail channels of distribution in the United States and Canada, including mass merchants, department stores and specialty housewares stores. Click here
The company imports and sells a full line of metal flatware and holloware and an assortment of ceramic dinnerware and other tabletop items, principally for the foodservice industry in the United States. In 1998, its net sales totaled $436.5 million. Inc is the largest producer of glass tableware in North America ;is the leading producer of tabletop products for the foodservice industry; exports to more than 100 countries; and provides technical assistance to glass tableware manufacturers around the world.1999 Business Imperatives he company''s business imperatives and financial goals for 1999 are to: reach $450 million in revenues, $77 million in income from operations and $44 million in net income, exclusive of acquisitions and restructuring charges improve returns from investments in inventories, receivables, equipment and facilities as measured by attaining higher Economic Value; and move closer to perfect order completion, with a 97% order-fill rate, on-time shipments the day promised, and error reduction of 25%;Investment Attributes Leading position in sales to foodservice users.
Consistent operating income and cash flow margins, that provides internally generated cash resources to fund growth. The company designs, manufactures and markets under our well-recognized brand name an extensive line of high-quality, machine-made glass tableware. Our company maintains over 2,000 stock-keeping units in one of the most extensive product portfolios in the North American glass tableware industry. Its glassware manufacturing facilities and distribution network in North America, the largest in the glassware industry, enable it to provide a high level of service to all its end users for glass tableware. In addition, the company is a joint venture partner with the largest glass tableware manufacturer in Mexico. We provide distinctive products at a competitive cost structure.
The company announced 2002 targets for sales of$525 million and net income of $61 million, and ability to achieve an income from operations profit margin of 19%. These figures compare with 1999 results of $461 million in sales, $43.4 million in net income and an income from operations profit margin of 17.2%. In addition, the company is targeting additional sales of $200 million by 2002 associated with new acquisitions. Key to the plan are to:Better allocate sales and production resources to key markets and customers to improve sales mix, and exiting marginal sales activity;Achieve operational efficiencies and lower costs through higher capital spending in new technologies, with capital spending expected to exceed Inc. to Pursue its Growth Agenda Without Decides to Terminate Effort to Acquire , Cites Entrenchment Attitude at Despite 133% Premium.
Click here - Our company is one of the most recognized brand names in consumer housewares in the United States and the leading brand name in glass tableware. Its products are sold in major retail channels of distribution in the United States and Canada, including mass merchants, department stores and specialty housewares stores.
table setting
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