Cost-cutting sees Bonnell through tough times: exec
May 24, 2013 | 12:22 PM
| Michael Cowden
CHICAGO Bonnell Aluminum Inc.s cost-cutting measures during the recession should benefit the extruder as the economy recovers and opportunities in the automotive sector rev up, says incoming president W. Brook Hamilton.
Profitability has risen more quickly than sales volumes over the past two years, Hamilton said, with the Newnan, Ga.-based company posting 2012 earnings comparable to those of 2008 even while logging 20 million pounds less in sales volume.
"This is significant because, as business continues to improve, our profitability and cash generation will be even more robust," Hamilton said during the annual shareholders meeting of parent company Tredegar Corp......
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