IE Staff
(September 8 – 18:00 ET) – DBRS has issued a report highlighting the
cost-cutting efforts of Canadian paper companies.
Faced with continued weak commodity cycles, many forestry firms
are cutting costs to salvage cash flow and credit quality. DBRS
identifies five key cost-cutting strategies. They are mergers and
acquisitions, revamping old plants and equipment, shifting to
higher-margin specialty products, divestitures, and streamlining
production.
DBRS expects continued focus on such initiatives going forward.
The trend should have an impact on operating results and credit
quality.
-IE Staff
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