Revenue down 28 percent compared to the fourth quarter of fiscal 2008, up 6 percent sequentially
Fiscal 2009 Year-over-Year Highlights
Improved Sequential Operating Results, Excluding $3.7 Million of Non-Routine Inventory and Restructuring Charges; New Credit Facility Expected to Be in Place by December 15; Reaffirming Positive EBITDA Expected in Q4
New Managing Director Adam Yuen (37) will continue and further expand manrolands growth rate in the Greater China market region. As of November 2009 he takes over the management of one of the very large parts of the companys Market Organization.
Printing Industries of America’s Ben Franklin Honor Society is proud to announce the 2009 Frederick D. Kagy Education Award of Excellence recipient: the Graphic Imaging Technology (GIT) program at Cuyahoga Valley Career Center in Brecksville, Ohio. The award will be presented to Bill Delgado, program instructor at Cuyahoga Valley Career Center, at Printing Industries of America’s Fall Administrative Meetings being held November 13-15 in Charleston, South Carolina.
Fraser Papers Inc. (“Fraser Papers” or the “Company”) announced today that its lumbermill in Plaster Rock, New Brunswick is scheduled to restart operations on November 16, 2009. Approximately 175 employees have been recalled to work.
— Net cash generated US$225 million — Refinancing completed; improved liquidity and extended maturities — Saiccor Mill ramp up near full capacity at quarter end — Stronger Rand impacted SA business unfavourably — Return to operating profit excluding special items — Basic loss per share 20 US cents (unfavourably impacted by 18 US cents special items) — Acquisition synergies exceed target
