| 13-05-2008
In the first quarter of 2008, Mechelin’s trading environment was less supportive than its initially anticipated. The increase in raw material costs continued throughout the quarter and included oil byproducts as well as natural rubber. This trend resulted from a weak trading environment that weighed on overall market morale. The first quarter of 2008 net sales were down 2.6% year-on-year.
Editor: Frederick Wei from Chinabuses.com
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