A Message from Management: Welcoming a New Year

Tuesday December 28, 2021

A Business Update from Vice President & General Manager Michel Merkx

“As 2021 is drawing to a close, it seems like an appropriate point in time to reflect on the key events and look at the opportunities in the next year.

Our planned business activities encountered some severe unplanned headwinds in 2021. The most notable and impactful are availability and inflation of raw materials and the cost of freight / transport. These 2 factors are across our industry and added a tremendous amount of cost as well as an extraordinary amount of extra work to our organization. To offset the inflationary impact, we had to pass on various price increases to our customers. Despite all these challenges we managed to grow our sales revenue.

Much as 2022 will be a challenging year, we see upside for sales growth in our key markets. Furthermore, we have exciting plans to make investments in technology, infrastructure, and people to support this growth.

I would like to take this opportunity to thank all our employees for their incredible work, our customers for their continued confidence and business, and our supply partners for their support.

On behalf of the ABI / Ideal Tape management team, I wish you and yours wonderful and safe Holidays and a Happy and Healthy New Year!”

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