International Chemicals Manufacturer

Situation

  • Advised an international chemicals manufacturer to address critical liquidity issues
  • A spike in the price of materials had significantly increased short-term working capital needs
  • Decreases in overall revenues resulting from the economic slowdown had hampered the Company's ability to fully absorb manufacturing costs

Execution and Results

  • Worked with management to develop and implement a manufacturing cost reduction program aligned with decreased sale, resulting in approximately $20 million of annual savings
  • Performed in-depth analyses of seasonal working capital needs, identifying the specific areas requiring immediate attention;
  • Assisted management with re-negotiation of credit terms with the company’s largest customer resulting in $18 million reduction in working capital requirements

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