The Eastern Company Reports Results for the Second Quarter and Six ...

Tag : Metal Products
Mr. Leganza also stated, "The Canadian Commercial Vehiclesubsidiary which services the Class 8 truck market with itslightweight honeycomb Sleeper Cabs has experienced a significantdownturn in that market in 2008. Although earlier we wereoptimistic the trucking market would begin to recover in the latterpart of 2008 current forecasts are now estimating that the Class 8truck market will remain soft through the remainder of the year butwe are optimistic that the truck industry will pickup in the firsthalf of 2009. Notwithstanding, we are continuing to develop ourlightweight honeycomb composite technology toward the developmentand manufacture of ultra-flat panels for a variety of non-vehicularmarkets and are already experiencing very positive results in thatendeavor. This will eventually reduce our dependence on the truckmarkets."