Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $16.49 USD
Change Today +0.13 / 0.79%
Volume 51.8K
XRM On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

xerium technologies inc (XRM) Snapshot

Open
$16.30
Previous Close
$16.36
Day High
$16.62
Day Low
$16.25
52 Week High
04/27/15 - $18.93
52 Week Low
08/5/14 - $12.64
Market Cap
257.2M
Average Volume 10 Days
23.8K
EPS TTM
$0.20
Shares Outstanding
15.6M
EX-Date
03/18/08
P/E TM
82.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for XERIUM TECHNOLOGIES INC (XRM)

Related News

No related news articles were found.

xerium technologies inc (XRM) Related Businessweek News

No Related Businessweek News Found

xerium technologies inc (XRM) Details

Xerium Technologies, Inc. manufactures and supplies consumable products primarily used in the production of paper. The company operates in two segments, Machine Clothing and Roll Covers. The Machine Clothing segment provides various types of industrial textiles used on paper-making machines and other industrial applications. It offers forming fabrics that are used at the beginning of paper-making machines; press felts for carrying the paper sheet through a series of press rolls that mechanically press water from the sheet under high pressure; and dryer fabrics that transport the paper sheet through the drying section of paper-making machines. This segment also provides other fabrics, which are used in other industrial applications, such as pulp, non-woven textiles, fiber cement, tannery sludge dewatering, and textiles manufacturing; and auto-joining equipment used in machine clothing production. The Roll Covers segment manufactures, refurbishes, and replaces roll covers, including suction rolls, lump breaker rolls, coater rolls, sizing rolls, calendar rolls, and other conveying rolls used in paper-making machines. This segment also provides refurbishment services for previously installed roll covers; and mechanical maintenance and repair services for the internal mechanisms of rolls, as well as manufactures and repairs spreader rolls. The company markets its products to the paper industry worldwide through its direct sales force under the Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec, and Xibe brands. Xerium Technologies, Inc. was founded in 1999 and is headquartered in Youngsville, North Carolina.

3,100 Employees
Last Reported Date: 03/4/15
Founded in 1999

xerium technologies inc (XRM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $665.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $355.0K
President of Xerium North America and Europe
Total Annual Compensation: $405.0K
President of Xerium - South America
Total Annual Compensation: $386.0K
President of Asia
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

xerium technologies inc (XRM) Key Developments

Xerium Technologies Inc. Announces New Business in China

Xerium Technologies Inc. has announced that it has materially completed the $60 million successful restructuring of its business in China. The business is now in a position to locally serve customers in China, Asia, and also export certain products globally. The make-over of its China and Asian business has taken over 3 years to complete with a number of key aspects required for full implementation. Xerium has implemented an all-Asian business model and will now run its entire Asian business from Shanghai. Highlights of the repositioning of Xerium’s Asia business are as follows: Kunshan, China Press Felt Plant: Production has begun at Kunshan, China Press Felt Plant Xerium completed a 2 year, multi-million dollar construction project to build and equip a brand-new press felt plant in Kunshan, China. This greenfield plant is located in the heart of the Yangtze River paper-making region, which is at the center of the paper-making region in the world - China. It took over 2 years to design, build, equip, and commission. Until this new plant began production, Xerium served this region mainly as an exporter of products made in Europe. Xerium has significantly increased its competitive position with this plant and will now be able to more closely partner with customers in China and the rest of the world. For the first time ever, customers in China will receive locally provided and optimized press felt solutions from Xerium. Xerium will conduct business in local currency and local languages. The Kunshan plant will be able to service the pulp, paper, paperboard, and tissue machines in the world, as the main machine in the plant is greater than 15 meters wide. This central machine and its foundation weighed almost 1 million pounds at installation. For some press felt designs, the company will be able to make 3 pieces simultaneously - a first for the company. The plant has information systems and supply chain interfaces along with real time operational communication systems throughout the site. It is conducting business from a new Infor information technology platform. The company is moving a large portion of its press felt production to this plant in China. The plant has initiated production. Renovated Changzhou, China Rolls Plant Xerium completed a 2 year, multi-million dollar investment program to completely renovate its rolls and mechanical service plant in Changzhou, China. This plant is located in the Yangtze River paper-making region. Until this renovation was completed, Xerium had served this region for many decades by exporting high-end working rolls from Europe. Xerium has now transferred all of its technology to this plant SMART Roll production cell, spreader roll production cell, polyurethane production cell, suction box production cell, upgraded extrusion and drilling equipment. The plant can now produce all of Xerium’s designs. The plant recently received ISO-9000 quality certification. Implemented new Asia Headquarters in Shanghai- Moved and reincorporated Xerium Asia headquarters into the Shanghai Free Trade Zone. This special Chinese government approval allows Xerium to import/export at the lowest possible cost, expedite customs processing, provide shorter lead times for materials transfer, enables maximum leverage of working capital for Xerium across Asia, and receive improved tax treatment as a local Chinese business entity. The entity is now in place. Implemented new Chinese Capital Structure Implemented a local capital structure and banking relationship by moving a portion of the Xerium corporate debt structure to China. The company has implemented a multi-million RMB on-going loan in China with ICBC. Xerium will now conduct local business in local currency (RMB), finance and fund its China business locally in RMB. This will also enable Xerium to both secure a natural business hedge and receive local entity tax treatment. The new loan and new ICBC financial relationship are complete and in place. Localized all Asian Leadership - Moved its Asia business leadership from the United States and Europe to China. The key top personnel moves were: moved President and CFO positions from the US to Shanghai, moved Sales leadership from Europe and Australia to Shanghai, moved technical leadership from Europe to Shanghai. All of these personnel moves are complete. Implemented Chinese IT structure - Moved its IT and data support from Europe to Shanghai. The company has completed its data center in Shanghai and is partnered with SAP as its provider for rolls plant information technology, and is partnered with Infor for machine clothing plant information technology. Both technology providers have huge businesses in China and are also located in Shanghai. Implemented Contemporary Asian Supply Chain - Moved its Asia supply chain and warehousing activities from in-house/locally provided into a global partnership with Panalpina. Xerium is connecting its internal systems with Panalpina to give its customers a seamless electronic supply chain. The supply chain moves are in place.

Xerium Technologies Commissions New Business Start-Up in Turkey; Appoints Ahmet Gureli as General Manager for Region

Xerium Technologies Inc. has commissioned its new business in Turkey. This new regional hub will serve customers in Turkey, Southeast Europe, and the Middle East including all Huyck Wangner machine clothing products for all applications - pulp, paper, nonwoven production, converting all Stowe Woodward roll recovering and roll services in-mill machine service and machine optimization factory-provided equipment repair all sales, service, and supply chain activities. The business will be headquartered in Istanbul, Turkey and will be led by Mr. Ahmet Gureli. Mr. Gureli is the new General Manager of XeriumTurkey. Mr. Gureli is a 3rd generation industry veteran with three decades of experience and relationships in the region. Mr. Gureli and his local team will be responsible for all of Xerium’s activities in the region " technology, service, sales, marketing, plant operations, and supply chain activities".

David A. Bloss, Sr. to Retire from Xerium Technologies as Member on the Board of Directors

On July 10, 2015, David A. Bloss, Sr., a member on the Board of Directors of Xerium Technologies Inc., notified the company that he will retire from the company's Board of Directors effective as of the date of the Company's upcoming annual meeting of shareholders and has decided to not stand for reelection. The company intends to engage in a search process to fill the vacancy.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
XRM:US $16.49 USD +0.13

XRM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Albany International Corp $36.53 USD +0.06
ANDRITZ AG €48.95 EUR -0.51
Kadant Inc $44.86 USD +0.96
Metso OYJ €23.96 EUR -0.23
Valmet OYJ €9.82 EUR -0.14
View Industry Companies
 

Industry Analysis

XRM

Industry Average

Valuation XRM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact XERIUM TECHNOLOGIES INC, please visit www.xerium.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.