As the buildings were modified through the years, they were not efficiently sealed for the control required in an air conditioned environment.
More Quotes from John Dillon:
Prices on several of our key products have started to move up in the U.S. and some of our major Asian markets are beginning to recover from the economic problems of last year, ... Overall, business has clearly improved, and we are optimistic that the price increases we announced will be fully implemented during the second quarter.John Dillon
But the market and economic conditions we are facing require that we further reduce costs within the company, ... We are realigning our resources as necessary to improve our financial results, while continuing our commitment to serve our customers.
John Dillon
The timing of the economic recovery remains uncertain, ... We didn't see any meaningful impact from it on our sales volumes and revenues this quarter. So, I am very pleased with what we have been able to accomplish by focusing on those factors we can control.
John Dillon
Due to wet weather conditions, our wood costs were much higher than expected. However, these costs were partially offset by lower purchase prices for other raw materials and the continued success of our cost-reduction program.
John Dillon
Market conditions are more favorable than we've seen in some time. Our efficiency and cost-reduction efforts have racked up record savings during the last two years and are on pace to do so again in 1999.
John Dillon
Nevertheless, the world economic environment is continuing to pressure our business even as we move into a seasonally stronger part of the year.
John Dillon
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During the Fifties, political and military activities in Vietnam were heavily influenced by the French, who as recent colonial masters, made all-important decisions.
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