Screen Research announces restructuring programme2 November 2009
The projection screen manufacturer is making changes in response to market conditions and "to focus on new product development and introductions". Following a period in which the company "successfully strengthened many aspects of its business" – including product portfolio development and enhanced technical support – Screen Research is taking account of a slowing pace of expansion.
Indeed, having previously experienced a growth rate of 30% year-on-year, the company has recently seen this slow to 2% within its system integration business.
Accordingly, Screen Research is "seeking the protection of the government during this period" of reorganisation, allowing it to focus on cashflow and market/product development issues, rather than any intrinsic restructuring costs.
The restructuring is centred upon the production facility and, to a much lesser extent, the operational services based at the company’s Nantes HQ. The US subsidiary office in Atlanta and the Asia-Pacific office in Bangkok are not affected by this procedure in either financial or legal terms. In fact, Screen Research expects to be able to "reinforce its US operation in the short-term by bringing additional team members to support the US market".
"We feel very positive about the timing of this programme as we recently introduced our new Classic 2 product line and successfully launched our new ISF-certified MultiPix range of screen fabrics at the CEDIA Expo 2009, indicating a promising business quarter ahead," said Screen Research CEO/founder Yves TrÈlohan, adding that the company expects to introduce "more new products" at ISE 2010.
Mike Beatty from UK Screen Research distributor Pulse Marketing added: "We at Pulse are delighted to hear the recent news regarding Screen Research’s restructuring. It allows Pulse to continue supplying UK dealers with the world’s finest selection of projection screens."