Changes at Synthetic Industries

From Deron Austin, Market Manager for SI Geosolutions – “Overall, this has been a very challenging year for business. Transportation spending is down, state budgets have been trimmed and construction projects have slowed. This has occurred while insurance and raw material costs in our industry have skyrocketed. As a result, companies are not meeting their profit objectives. These negative trends have affected our industry and our company, resulting in the reduction and realignment of current resources at SI Corporation. Unfortunately, we have eliminated several positions within our division – SI Geosolutions – that includes people highly valued by our customers, SI and the industry. SI Corporation is a profitable company. As a matter of fact, our cash flow is the strongest it has been since our founding in 1969. While change is difficult for any company, change in these economic times makes it even more challenging. However, SI is determined to emerge from this situation stronger than ever. We are committed to the geosynthetics and erosion control industries and hope you appreciate our proactive communication on this issue. We will do everything possible to assure an effective transition of responsibilities to support our customers and the industry.”