American aluminum extrusion company Indalex said that the U.S. market has not recovered quickly
American aluminum extrusion manufacturer Indalex reported that due to the weak demand of the American home industry, the company's shipment volume declined rapidly in the third quarter, and the US market did not show a rapid recovery trend.
Timothy RJ Stubbs, CEO and President, said, "We have not seen a trend of recovery in the market."
In the third quarter of 2007, the shipment volume of the company's extruded products decreased by 17.4% compared with the same period of last year. In January-September shipments decreased by 16.2%.
Indalex is the second largest aluminum extrusion producer in the United States and is currently suffering from a double blow to the weak demand from the home and automotive industries in North America.
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