Historically, commodity prices fluctuate, but during the global financial crisis of 2007–2009, base metal prices fell precipitously. The company’s Latin American subsidiary faced claims from customers whose contracts called for advance payments with rebates if market prices dipped – as they had. The company needed a cash infusion to keep operating but, remember, this was in the middle of a financial meltdown: credit was hard to find.

For further information please contact Linda Bertolissio or Riina Rintanen.