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01 Mar
16:58

Synalloy expects 2016 to be another weak year

US specialty metal tubing and chemicals corporation Synalloy expects sales to continue to sag in 2016, Kallanish learns from the company’s year-end earnings review. Synalloy posted a 2015 net loss of $10.3 million on sales of $175.5m. In 2014, the company posted a net income of $12.6m on sales of $199.5m. The company’s metals segment “… continues to be highly dependent on its customers’ capital expenditures, which are currently …
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