September 30, 2008

Supporting Multinational Customers Abroad: Anixter

Companies, Free, Subscriber Only / Jenel Stelton-Holtmeier

With acquisitions in the past two months in Germany, France, Mexico and Wisconsin, Anixter International’s global growth plan may not seem clear. Companies often focus on specific geographies where they want to build their presence. And while that is a consideration for Anixter, according to CFO Dennis Letham, there’s a more important driver when making acquisition decisions.

“The real focus of each of these acquisitions is supporting the multinational companies that we serve as they expand globally,”Letham tells MDM in a recent conversation. “We want to support them …

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Canadian Price Indexes Fall in August

Economic Trends, Free, News, Research & Analytics, Subscriber Only / MDM Staff

Source: Statistics Canada

In August, Canadian price indexes for manufactured goods and raw materials declined 0.2% and 7.7% respectively from July. The strong decrease in prices for petroleum products brought to a halt the uninterrupted monthly growth observed since the end of 2007.

The monthly decline of 0.2% in the Industrial Product Price Index (IPPI) in August was largely attributable to a 6.0% drop in prices for petroleum and coal products. Excluding petroleum and coal products, the prices of other industrial goods increased 0.8%, a rate of growth comparable to the average rate recorded in the previous two months.

Also contributing to the decline in August was a 3.1% drop in prices for primary metal …

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Rockwell Automation Announces Restructuring

Free, News, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors / MDM Staff

Rockwell Automation, Inc., Milwaukee, WI, announced a restructuring plan to better align resources with growth opportunities and reduce costs in light of current and anticipated market conditions.”

The plan is expected to generate costs savings of $75 million in fiscal 2009, growing to $85 million in 2010.

“These actions are consistent with the cost management approach we outlined in July. Although fourth quarter revenue is in line with expectations, we believe it is prudent to take steps to address our cost structure while continuing to invest to maintain our competitive differentiation and further strengthen our global presence,” said Keith D. Nosbusch, CEO.

Restructuring includes: streamlining administrative and operations functions, realigning …

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September 30, 2008

Supporting Multinational Customers Abroad: Anixter

Canadian Price Indexes Fall in August

Rockwell Automation Announces Restructuring

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