The combination of domestically and offshore production is working well. Availability and the cost of particle board have pressured margins, however customer price increases are being implemented and will take effect through the year.
Martin Schwartz, President and CEO

Dorel Industries told shareholders at today's annual meeting that there have been positive developments as well as some challenges over the past year, President and CEO, Martin Schwartz, detailed what is being done in each division to maximize output and introduce higher price point products. "RTA in particular has needed and received considerable attention. We have been disappointed with our returns in this segment for some time and are working aggressively to turn things around."

Schwartz said, "The combination of domestically and offshore production is working well. Availability and the cost of particle board have pressured margins, however customer price increases are being implemented and will take effect through the year."

"Dorel has been in the RTA furniture business for over 25 years and traditionally we have done well, even when some of our competitors have not. The industry is now in transition which I believe will result in significant change. I am confident that Dorel will emerge as a thriving industry force," said Mr. Schwartz.