We made it clear when Carnival made its initial proposal that our response was based on two simple criteria -- value for our shareholders and deliverability,
More Quotes from Peter Ratcliffe:
Twenty years ago, pneumatic cylinders controlled virtually every axis of a case packer. New case packers today are often all servo-controlled. We are taking old case packers and adding two-axis pushers and servo-controlled elevators to provide significantly more speed.Peter Ratcliffe
Carnival has nothing at stake here and therefore has no downside, ... We, on the other hand, have a valuable transaction that could be put at risk.
Peter Ratcliffe
So much of our business is driven by speed. Because of globalization, we have observed an intense pressure to reduce downtime and thus, increase overall productivity.
Peter Ratcliffe
We couldn't fit the ball screw and nut into our existing design with a fast enough pitch to suit the higher speeds. It would hit its limits and not allow us to reach the high linear speeds we needed. We could have found a ball screw with a fast lead, but it would not have fit into the current assembly, forcing us to redesign the entire slide system for a bigger, heavier screw.
Peter Ratcliffe
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