Jewett-Cameron Adds Three New Supply Partners for its Products
2024年9月17日 - 10:00PM
Jewett-Cameron Trading Company Ltd. (“Jewett-Cameron”) (Nasdaq:
JCTCF), a company committed to innovative products that enrich
outdoor spaces, today announced it has completed a significant step
forward in its strategic plan to expand and diversify the Company’s
supply sourcing from three new supply partners.
Historically, Jewett-Cameron had a significant portion of their
products supplied by a single manufacturer in China. With the
implementation of the new multi-source, multi-country, strategic
sourcing plan, the Company is no longer tied to one specific supply
source for any single product or component. The Company now has
highly diversified supply sources from manufacturers located in
Canada, Bangladesh, Vietnam, Malaysia, Taiwan, and China. The new
supply agreements cover Jewett-Cameron’s fence products, dog
containment products, as well as MyEcoWorld® products.
“When I took over as CEO, we did an expansive review of each of
our product lines and recognized the need to expand our supply
relationships to ensure we were not dependent on any one supplier
or country where we could be exposed to import tariffs and other
risks associated with a single source of supply. Over the last 18
months, we have embarked on an extensive worldwide search to find
supply partnerships that could meet the specifications our
customers demand and at pricing that allowed us to remain
competitive in the market. We entered into three new agreements
that cover all current product lines and deliveries are already
enroute to our Oregon-based distribution center and directly to
customers,” commented Chad Summers, CEO of Jewett-Cameron.
“Due to the implementation of tariffs placed on various steel
products coming into the U.S. from China, we have been subject to
higher cost of goods on a number of our products over the past
couple of years,” Summers added. “We expect our new sourcing
strategy to help us to maintain competitive pricing and protect our
margins going forward.”
“We continue to honor Jewett-Cameron’s roots of developing
high-quality, innovative products that enrich outdoor spaces while
driving efficiencies across our operations. I am pleased with the
team’s implementation of this critical component to our strategic
go forward strategy and look forward to the benefits it will drive
to our customers and shareholders in the years to come,” Summers
concluded.
About Jewett-Cameron Trading Company Ltd.
(JCTCF)
Jewett-Cameron Trading Company is a holding company that,
through its subsidiaries, operates out of facilities located in
North Plains, Oregon. Jewett-Cameron Company's business consists of
the manufacturing and distribution of patented and patent pending
specialty metal and sustainable bag products, and wholesale
distribution of wood products. The Company's brands include Lucky
Dog®, for pet products; Adjust-A-Gate™, Fit-Right®, Perimeter
Patrol®, Infinity Euro Fence, and Lifetime Post™ for gates and
fencing; MyEcoWorld® for sustainable bag products; and Early Start,
Spring Gardner™, Greenline®, and Weatherguard for greenhouses.
Additional information about the Company and its products can be
found on the Company's website at www.jewettcameron.com.
Forward-looking Statements
The information in this release contains certain forward-looking
statements that anticipate future trends and events. These
statements are based on certain assumptions that may prove to be
erroneous and are subject to certain risks, including but not
limited to, the uncertainties of the Company's new product
introductions, the risks of increased competition and technological
change in the Company's industry, customer concentration risk,
supply chain delays, governmental and regulatory risks, and other
factors described in greater detail in the Company's filings with
the Securities and Exchange Commission. We may not actually achieve
the goals or plans described in our forward-looking statements, and
investors should not place undue reliance on these statements.
Forward-looking statements made in this press release are made only
as of the date hereof, and we disclaim any intent or obligation to
update any forward-looking statements as a result of developments
occurring after the date of this press release, except as may be
required by law.
Company Contact:Chad Summers, Chief Executive
OfficerJewett-CameronPhone: (503) 647-0110
Jewett Cameron Trading (NASDAQ:JCTCF)
過去 株価チャート
から 12 2024 まで 1 2025
Jewett Cameron Trading (NASDAQ:JCTCF)
過去 株価チャート
から 1 2024 まで 1 2025