Viskase Companies, Inc.
Climate Impact & Sustainability Data (2009)
Reporting Period: 2009
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Competition from better-capitalized companies forcing price competition.
- Dependence on a limited number of raw material suppliers.
- Failure to adapt to industry changes in casings technology.
- Potential negative impact from food safety concerns.
- Changing dietary trends and consumer preferences.
- Capital-intensive nature of the business and potential difficulty in obtaining financing.
- Business interruptions at production facilities.
- Significant minimum contribution requirements for the U.S. defined benefit plan.
- Political and economic risks in foreign countries and currency fluctuations.
- Customer consolidation and increasing competition.
- Potential challenges in integrating acquired businesses.
- Inadequate or violated intellectual property rights.
- Significant costs associated with environmental regulations.
- Substantial level of indebtedness.
- Potential misalignment of interests between controlling stockholder and other stakeholders.
Mitigation Strategies
- Focus on product quality, development, service, and distribution to differentiate products.
- Seeking alternative raw material suppliers.
- Investing in technological advances to maintain compliance with safety standards and environmental laws.
- Streamlining productive capacity.
- Actions to reduce labor costs (freezing pension plan, variable defined contribution plan, relocating facilities, etc.).
- Looking for additional suppliers for key materials to obtain lowest prices.
- Efforts to enhance product offering to benefit customers.
- Regularly engaging in discussions with other companies regarding strategic transactions.
- Enforcing intellectual property rights.
- Incurring significant capital and operating expenditures to comply with environmental laws.
- Obtaining funds to pay expenses and repay indebtedness primarily from operations and refinancing.
- Implementing measures to manage risks associated with international operations.