Home > Auto industry woes already bad for Ansell

Auto industry woes already bad for Ansell

Editorial
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Ansell has said that it is already suffering weaker sales due to the demise of the country’s auto manufacturing sector.

CEO Magnus Nicolin said that the sector’s three companies – Ford, Toyota and Holden, all of which will stop manufacturing in 2016 or 2017 – have already cut down on purchases of the protective gear that Ansell sells.

"Australia is taking a bit of a beating," said Nicolin, according to Fairfax Media, when discussing sales compared to other markets Ansell operates in. About 6 per cent of global sales are made in Australia.

"The manufacturing sector in Australia has been relatively weak over the last six to nine months," he said.

"That's obviously having an indirect impact on us."

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