Returning to growth
Having completed its capital investment projects, Devro's manufacturing footprint is now aligned to customer demand and should allow growth in more profitable areas as management purposefully moves away from the oversupplied low-price segment. The transition was complex and there is still more work to do, especially in Latin America. Devro has now commenced a new programme, Devro 100, to accelerate sales and profit growth in order to make the most of the new capacity.Devro is a manufacturers of collagen products for the food industry. Co.'s collagen casings are used to manufacture a variety of sausages. Co. sells collagen products directly to food manufacturers and, in some markets, local distributors. Co. has three operating segments: Americas, which includes North America and Latin America; Asia-Pacific, which includes Australia, New Zealand, Japan, China and the rest of South East Asia; and Europe, which includes Continental Europe, U.K., Ireland and Africa.
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