Lebrun Steel Facing up to Tough Times
0 After 98 years of trading, the steel manufacturer Lebrun knows from experience as how
00 difficult fluctuations in the economic cycle can be for suppliers such as themselves.
34 Since many of the nation’s largest production companies which are its customers,
35 Lebrun is adversely affected by any change for the worse in the economy. Yet Lebrun
36 has managed to keep on sales steady (in the region of approximately $2.5 billion)
37 and has recorded only one annual loss during the difficulties of the past five
38 years, but despite the effects of the ongoing industrial slowdown. James Griffith,
39 president of Lebrun, now has the task of turning up survival into growth, and
40 his strategy is already becoming clear to those industry observers. In February of
41 this year, the company acquired Bronson pic, additionally a one-time competitor.
42 This merger will greatly expand the size of both Lebrun’s labour force, and
43 Griffith estimates it will boost its revenue by nearly 50%, while too increasing
44 the number of plants and R&D centres in much a similar way. Griffith is
45 optimistic that while the steel industry is about to pull out of recession, and he wants Lebrun to be ready for this.