strategic initiatives and priorities:
Zero Harm to People and the Environment
At Atkore, we are committed to producing high quality products for our customers with zero harm to the people that create, use and deliver our products, as well as protecting the environment in which we work. Additionally, we encourage every employee to look out for the health and safety of others and make it their own personal priority. We are invested in making environment, health and safety an indispensable part of our company’s commitment to excellence.
Geographic expansion. We expect to grow our presence in Brazil through investment in existing manufacturing operations which facilitates the expansion of our product portfolio. In February 2010, we contracted to build a 195,000 square foot manufacturing facility in Changshu, China. The facility, which is currently under construction, is expected to be completed and operational in the first half of the 2011 calendar year.
Operations and supply chain optimi-
zation with selected capital investments
Managing raw material volatility and optimizing our geographic footprint and operational efficiency are important components for growth. Our sales, inventory and operations planning process helps us determine if, when and how much raw material to purchase, as well as how much finished goods to maintain based on end market demand. Over the last three years, we have invested in restructuring projects such as reducing the number of North American manufacturing facilities, improving the quality of our products and reducing raw material supply lead times (to help mitigate fluctuations in raw material pricing). These efforts have been complemented by a number of facility expansion initiatives, including investments in our distribution capacity at our Harvey, Illinois location. In the future, we intend to continue to evaluate and pursue similar initiatives where appropriate, but also make targeted capital investments or pursue strategic acquisitions that help reduce costs, enhance our product offerings, enable us to enter attractive markets, expand our technological capabilities and provide synergy opportunities.
New Product Development
By focusing on customer needs to create products that enable faster installation, thus reducing construction costs, we intend to introduce new and innovative products to both new and existing customers.