Battered by high resin costs, Medical Action Industries (Brentwood, NY), a supplier of medical and disposable surgical products, is refocusing on cost management, product mix and productivity improvement in an effort to boost its bottom line.
"We continue to focus on organic growth and enhancing our product and service offerings," said Chief Executive Officer and President, Paul D. Meringolo. "Net sales have increased from the comparable prior year period and sequentially. Persistent volatility in raw material costs, particularly resin and cotton, continue to influence our gross margins. We are managing through this period of volatility by continually reviewing our pricing strategies across our product lines, minimizing product sourcing costs and operating expenses."
In its Clarksburg, West Virginia plant, Medical Action Industries manufactures containment systems for medical waste, using linear low-density polyethylene, high-density polyethylene and film-grade polypropylene. The company's sharps containers are manufactured from either polypropylene or polyethylene and are produced either by extrusion blow molding or by injection molding.....