VIENNA, June 25 Austrian lighting group Zumtobel
has not yet found the right partner for its
loss-making U.S. business, Chief Executive Ulrich Schumacher
told Reuters on Wednesday.
"The market is big and it's not growing very fast. We need a
long-term solution. We are taking great care with the search for
a partner. We don't want to embark on a part-time friendship but
rather a kind of marriage," he said in a telephone interview.
Schumacher said Zumtobel was continuing apace with
restructuring its U.S. operations, which account for about 3
percent of its sales, and expected them to reach the break-even
point during the course of this fiscal year to end-April 2015.
He reiterated that Zumtobel had no plans to withdraw from
the U.S. market.
(Reporting by Georgina Prodhan and Angelika Gruber)