In the rapidly evolving market for light emitting diode (LED) products, manufacturers need to innovate or risk quickly falling behind. By replacing metal with engineered thermal composites, Kruunutekniikka has been able to drive growth in the emerging solid-state LED lighting market with a solution that is innovative, sought after, cost effective and consistent with the company’s ongoing effort to facilitate sustainable practices.

The larger handle suited their target market of older individuals making it safer and easier to use.  The new formulation allowed them to go after new markets, including commercial kitchens, and improved cost efficiencies to balance the increased part size.

By sticking only with what’s known, processors can stunt their growth or even give up market share to more innovative competitors. How to avoid it: Take a serious look at what special effects are available and consider how they might be used to help OEM customers gain market share.

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Companies placing medical devices and packaged pharmaceuticals on the market need their products to comply with healthcare standards, no matter where their products are sold and no matter where they procure their raw materials. Even regulations such as the updated European Union Medical Device Regulation (EU MDR) and In Vitro Diagnostic Regulation (IVDR) that are only valid for products sold in Europe, should preferably be considered from the start to ensure access to the European market.

Companies placing medical devices and packaged pharmaceuticals on the market need their products to comply with healthcare standards, no matter where their products are sold and no matter where they procure their raw materials. Even regulations such as the updated European Union Medical Device Regulation (EU MDR) and In Vitro Diagnostic Regulation (IVDR) that are only valid for products sold in Europe, should preferably be considered from the start to ensure access to the European market.

We have invested heavily in composites, barrier technologies and other sustainable solutions, thus improving our end market diversification.  These investments have built resiliency in our portfolio and are helping to overcome the soft demand conditions in certain regions and end markets," Mr. 1)  Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of operations; debt extinguishment costs; costs incurred directly in relation to acquisitions or divestitures, including adjustments related to contingent consideration; employee separation costs resulting from personnel reduction programs, plant realignment costs, executive separation agreements; asset impairments; mark-to-market adjustments associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties and related insurance recoveries related to facilities no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non- recurring items; and the effect of changes in accounting principles or other such laws or provisions affecting reported results.

Composite sales increased 10% organically driven by new business in consumer and electrical end markets.  Patterson said, "We believe the current market challenges are temporary, and we will see a recovery in the second half of the year.  While we are encouraged and optimistic, we are not waiting for market improvement to unfold.

Electric Vehicle (EV) Charging Market and Solutions Overview of EV charging market and technologies to enhance public charging stations How Gravi-Tech makes the difference for packaging closures in the luxury cosmetics and spirits markets

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