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APMA President's Message
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As I said at a recent conference in Windsor, our industry is improving, releases are up and we are slowly getting back to work. However, this will be a slow process and the "new normal" for North America will be several million units less than before the recession. Canadian suppliers have dramatically lowered their breakeven points at 50% lower volumes than before, not uncommon. This is a real accomplishment in our capital intensive industry.
This is not easy to do but you are not alone. APMA…
On the Friday before Labour Day, Industry Canada, Business Development Bank of Canada (BDC) and APMA announced the Purchase Order Financing Program (full details are in this newsletter). Under this program, BDC will finance short-term working capital on the basis of purchase orders and releases. This will allow suppliers to finance raw material purchases, etc. as the demand for their product increases, but before accounts receivables are created. Discussions on this financing began at the APMA…
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