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Green Planet Group Inc's XenTx Lubricants, Inc closes Durant

Thursday, 6 Mar 2014 09:15am EST 

Green Planet Group Inc:Says Its wholly owned subsidiary, XenTx Lubricants, Inc., has closed its Durant, Oklahoma production facility.This action was taken after careful analysis and an operational review by the new XenTx management team.The objectives of this closure are to increase revenue by 300 pct which will in turn generate significantly increased profitability over the next twelve months.Reduce operating expense and overhead by about 28 pct.Improve sales and customer service through a rapid-response order fulfillment process facilitated by streamlined production and distribution systems.Sharpen GNPG's focus on new product development and marketing, eliminating the distraction, liability and time consumption inherent in operating an outdated manufacturing plant. 

Company Quote

26 May 2015