14 Nov 2012

One Company provides better margins - Steel and Tube

11:09 pm on 14 November 2012

The listed steel maker, Steel & Tube, says its new business model is providing better margins and profitability.

The industry has been hit by lower demand, due to the global economy and a high New Zealand dollar.

About two years ago, the firm started to make changes to position itself as a stronger operator, part of that plan, known as One Company, is to cut the number of sites in a region so products are all under one roof.

Steel & Tube chief executive Dave Taylor says One Company is not about taking jobs out of the organisation, but the cost efficiencies of having a single location and also having a coordinated approach to customers.

He says the company is hoping to grow the business so that any job losses are minimal.