Katrina, market conditions affect GreenMan production levels.GreenMan Technologies Inc., based in Lynnfield, Mass., has completed several initiatives intended to improve the performance of its Southeastern tire recycling Tire recycling is the process of recycling vehicles tires (or tyres) that are no longer suitable for use on vehicles due to wear or irreparable damage (such as punctures). operations. "There is no higher priority within our corporation than stabilizing and turning around our Southeastern operations," Robert Davis Robert Davis can refer to:
Davis says GreenMan completed an evaluation of its inbound collection infrastructure in July and determined it would no longer provide some services and products at existing rates. GreenMan implemented price increases where warranted and terminted service in some situations. "We estimate that maintaining this unprofitable business had contributed $40,000 to $75,000 per month to our historical operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. ," Davis says. However, Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. could negatively affect GreenMan's efforts to stabilize its Southeast operation. Davis says the effects of Hurricane Katrina and escalating fuel costs are expected to negatively affect near-term inbound tire flow and performance.
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