Automotive Industry

Pilkington cuts costs.

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Pilkington

Headquarters: St Helens, England

Core business: Automotive glass

Turnaround strategy: Consolidate; cut costs; launch new products

The turnaround at Pilkington is remarkable considering that automotive glass is a mature, slow-growth sector.

The UK supplier managed its turnaround by simplifying management structures and slashing costs .

"It was achieved essentially without significant top-line growth," said a financial analyst who asked not to be named.

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Pilkington is one of the world's largest glassmakers, with 25 plants in Europe, Asia and ...