Dorel to shut Ameriwood plant.TORONTO -- Dorel Industries Dorel Industries Inc. (TSX: DII and NASDAQ: DIIB) is a Montreal, Quebec-based company which designs and manufactures for three areas: juvenile, home furnishings and recreational/leisure. Dorel employs approximately 4,800 people. Inc. announced it will dose its Ameriwood ready-to-assemble furniture Ready-to-assemble (RTA) furniture, also known as "knock-down furniture" or "flat packs", is furniture supplied as a kit of flat parts and fasteners to be assembled, usually by the end user, with simple tools. plant in Wright City, MO. Martin Schwartz, Dorel president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said the plant was being dosed because of a loss of retail customers and "factory inefficiencies." In spite of the plant's dosing, Schwartz said the Ameriwood brand name would continue in 2006. He said a new management team was being put in place, as well as a "new tri-continental supply chain, which includes sourcing initiatives from South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Asia." |
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