Royal plans restructuring after posting Q2 losses

摘要

Royal Group Technologies Ltd.is pointing to the increased price of materials as the reason its profits fell drastically in the second quarter (Q2) of 2005,compared with the same time last year."I would note that we've only been able to recover a portion of those raw material costs with finished product selling price increases," said Mark Badger,vice-president of marketing and corporate communications with Royal in Woodbridge,Ont."We've offset some of it,but not all of it."