- THE MAGAZINE
According to Gregory J. Rau, Minuteman’s current president and CEO, the company’s financial condition moving forward, is more than enough to fund business or liquidity needs as they arise.
Rau sees great potential for the year ahead given that several large expenditures were made in 2000, such as plant improvements and computer software, that will not need to be repeated again in the near future. He also referred to the investment the company has made in rotational molding equipment, previously outsourced, which has been budgeted to produce savings in the area of 30-35% annually with complete payback in the next 12-18 months. In addition, a new Mitsubishi laser cutter reduces costs and increases productivity as well as quality and safety, the company stated.
Rau acknowledged that the outlook for the economy in general is somewhat cautious and the relationship of foreign currencies to the dollar in the future is uncertain, he believes the general expansion of the sanitary services industry, the boost received from new products, and Minuteman’s reputation worldwide will award the company with another favorable year.