New York reported on November 21 that Indalex, the second largest aluminum extrusion producer in the United States, announced that its third-quarter shipments increased 3.2% from the same period in 2005. This fell sharply with the 16.2% increase announced in the second quarter and the 11.9% increase in the first quarter. The company had a strong demand for its core construction and transportation market, but both industries are in a downward trend. Timothy RJ Stubbs, president and chief executive officer, commented on the performance of the third quarter in this way. In the market conditions where demand is slowing down, this quarter's performance is fairly good. He also said that he did not hold much hope for immediate improvement of performance, and expressed that the company's first priority in considering the current weak market outlook is productivity and profit.
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Indalex's shipment growth in the third quarter of the United States predicts that demand for Alcoa extrusion market will slow down