For 2007, Trex loses $75.9M

March 2008
Plastics News;3/3/2008, Vol. 19 Issue 52, p11
Trade Publication
The article reports on the financial performance of Trex Co. Inc. in 2007 in Winchester, Virginia. The company posted a loss of $75.9 million on sales of $329 million for the year, compared with 2006 profit of $2.3 million on sales of $337 million. President and chief executive officer Ronald Kaplan said that the extremely disappointing results were caused by poor control over manufacturing operations, quality and fixed-asset management. Meanwhile, it laid off 30 salaried workers to cut costs.


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