Sekisui Voltek Restructures and Rebounds

Sekisui Voltek Restructures and Rebounds

Lawrence, MA (March 9, 2010) –

Sekisui Voltek, a global leader in the development of high- performance flexible polyolefin substrates, announces a new corporate restructuring and a refocusing of the business and its core resources.

In an effort to streamline the company and refocus its vast technical expertise on its core competencies – web based flexible substrates; Sekisui Voltek eliminated a small portion of its product portfolio, in the fourth quarter of 2008.

While the global financial crisis of early 2009 deeply affected many other organizations, the recent restructuring has enabled Sekisui Voltek to further develop its technical capabilities and product offering. According to Toshio Konno, President, “A thorough review of total costs and the implementation of flexible operating conditions were instrumental in our success.”

The company believes the primary reason for its second half rebound, was directly related to its renewed focus on improved customer satisfaction and strong technical service. A strategic investment made in early 2008 coupled with an expanded operating schedule, has the company well poised to exploit capacity in order to explore new markets, and develop exciting, more diverse, applications.

Moving forward, Sekisui Voltek will remain focused on:

  1. Maintaining Their Market Leadership -The Company will maintain Customer Satisfaction as its primary goal. This will enable consistency in product, processing and service, to remain the hallmarks of their future.
  2. Continuous Cost Control – The Company pledges to continually work with their suppliers and employees to ensure future sustainability.
  3. Aggressive New Product Development – Utilizing its extensive global resources, Sekisui Voltek will develop new and emerging technologies to enhance the capabilities of their Volara® and Volextra® lines, introducing new products that meet ever-changing flexible substrate market needs.

 

Sekisui Voltek stands behind their Corporate Philosophy of achieving excellence through the spirit of teamwork, service, speed and superiority. The company will continuously seek ways to provide opportunities for their employees, and the communities in which they operate, in order to improve and grow.

About Seksiui Voltek: Sekisui Voltek, LLC, a part of the worldwide network of Sekisui companies, is a global leader in the development and production of crosslinked, closed-cell polyolefin foams. For over 40 years, Sekisui Voltek’s innovative foam solutions have been used for a wide variety of applications within the transportation, tape and healthcare, building and construction, sports and leisure, and general industrial markets. Sekisui Voltek has two primary foam processes; Volara® – irradiation crosslinked polyolefin foam in roll, and laminated sheet form, and Volextra® – an extrusion coated Volara® composite.