Standard Holdings Opens U.S. Plant, Increases Sales and Margins
March 25 2008 - 8:30AM
Marketwired
MCLEAN, VA has significantly reduced overhead by opening a U.S.
plant in Florida and closing its Canadian plant. The resulting
lower costs have allowed the Company to decrease product prices,
increase margins and expand the customer base.
Over the last four years, the U.S.-Canadian dollar exchange rate
has fallen from $1.60 to $.99, with the greatest portion of the
decline coming in the last six months. This added 61 percent to the
existing inflation rate for the period, making the Company's
Canadian-built products increasingly less competitive.
The U.S. plant has brought the Company important savings in
labor costs, utilities, real estate, taxes, and bureaucratic
paperwork. Proximity to both customers and sources of raw materials
unhampered by cross-border delays and custom brokerage costs has
further lowered costs and reduced pipeline times.
This announcement may contain, in addition to historical
information, certain forward-looking statements that involve risks
and uncertainties. Such statements reflect management's current
views and are based on certain assumptions. Actual results could
differ materially from the assumptions currently anticipated.
For more information visit the Standard Holdings Group web site
at http://www.standardholdingsgroup.com.
Contact: Standard Holdings Group Ltd. 703-821-3434
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