Polymer Group, Inc. (PGI), Charlotte, NC, will begin implementing a new internal operating framework—realigning and repositioning its organization to consolidate the benefits of its global footprint, align resources and capabilities with future growth opportunities and provide for a more efficient structure to serve existing markets.
The major components of the organizational change will include: heightening focus of concentrated resources around PGI’s global markets, with a consolidated strategic approach to each of its geographies and scalable innovation capabilities; gaining further efficiencies through a focused and standardized approach to world-class operational excellence across the supply chain; and combining the strengths of the company’s existing U.S. and Latin American footprint to create a consolidated Americas region that contains greater efficiencies to serve broader markets.
“PGI has evolved from a collection of segregated companies and units in the 1990s to our current globally organized company with four, major regional footprints,” said Veronica Hagen, CEO. “We are now ready to move the company boldly to new levels of competency, ready and capable of realizing the full potential of our global footprint for competitive advantage.”
The Board of Directors approved the plan of reorganization upon the recommendation of PGI’s Global Leadership Team. The changes are the result of the company’s long-term planning and evaluation to respond to market dynamics, resource new growth opportunities, and benefit from the company’s global scale. In designing the new operating framework, PGI is creating a more sustainable future for its customers and employees, the company says.
Polymer Group, Inc. is a global, technology-driven developer, producer and marketer of engineered materials, and one of the world's leading producers of nonwovens. The company operates 13 manufacturing and converting facilities in nine countries throughout the world.
PGI to implement new internal ‘framework’ for future growth
Published April 13, 2012