Business
ACQUIRING Small Manufacturers an FLKI strategy OTC : FLKI
ACQUIRING Small Manufacturers an FLKI strategy OTC : FLKI.
About this update from Falken Industries Ltd
[{"type":"text","content":"FALKEN INDUSTRIES LTD (OTC : FLKI) announced today the formalization of a defacto operating policy into strategic planning.Manuel Garcia, communications officers presiding at the meeting of industry analyst, investment bankers, and representatives of the trade stated : \"Small manufacturers often feel smacked around, but if they play their cards right, their size as a member of a larger team such as FLKI gives them an agility they can use to compete globally. FLKI has long been known for financing equipment and making minority capital investments in small manufacturing concerns -- usually its suppliers or those of affiliates. Acquisitions, joint ventures, strategic alliances and combinations have now become the norm and are strategically integrated in our present business plans.\" The elevation of an informal reality to strategic policy was motivated by regular inquiries from major international companies - including Fortune 500 members - to integrate their brands or product lines into the product and brand development of FLKI and or product groups exploiting FLKI product conceptions and remarquable distribution network, notably in Europe. \"The strategy is also intended to put a serous premium on price for any potential acquiror since the company seems to have suddenly peeked opportunistic interest by its oversold and undervalued stock price and is not immediately interested in discussing its acqusition by a major as has been the fate of many of its competitors\" added Garcia. The reality is that it's getting to be materially near impossible for small manufacturers to survive - presenting unique opportunities for FLKI. Not without good cause, these companies see globalization as a threat, and have few options other than to constantly retrench and try to slash prices to compete. Each such protective practice means that in no uncertain terms, they are going to lose their place in the supply chain in coming years. Their small size, lacking force in innovative product development makes them unattractive to major companies.Traditional supply chains are morphing under the pressure of a globalizing economy, a stubborn or compelled adherence to old supply chain rules is tantamount to a purposeful design to put the businesses in jeopardy. \"Adapting to new rules is a mandate for survival\" says Manual Garci...