New CEO for Chroma Color Corp. - Canadian Plastics
The firm has named industry veteran Joe Herres to the position.
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The firm has named industry veteran Joe Herres to the position.
A total of 71 people will lose their jobs when the plastics company shutters Dec. 31, according to a court-appointed receiver.
Invacare Corp. was once a $1.7 billion business. Its stock has now dropped to about $1 following a $46 million loss through the first half of 2022.
Phil Karig, managing director of Mathelin Bay Associates, says it is impossible to prepare for every contingency, but resin buyers must plan how to mitigate or minimize negative supply impacts.
Phil Karig, managing director of Mathelin Bay Associates, says it is impossible to prepare for every contingency, but resin buyers must plan how to mitigate or minimize negative supply impacts.