CAP Group to focus on profitability after market volatility

Tuesday, 27 March 2018 00:29:17 (GMT+3)   |   Sao Paulo

Chilean CAP Group will focus its efforts on profitability following increased market volatility, the group’s CEO, Erick Weber, said in a document filing.

Weber, who was also quoted this week by local media, said the ongoing year will be challenging not only for the iron ore industry, but also for those segments based in raw materials.

“Market volatility obliges us to focus with a much stronger emphasis on the profitability of our product portfolio,” he said, adding that the company will consider restrictions to its operations. The company also expects to revisit commerce and financial obligations.  

Weber said the company will work to cut costs while improving productivity and margins, and although he did not provide further insight on the company’s strategy, he said CAP would diversify its product offering and the markets in which it operates.

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