Dometic plans cost savings to counter RV slump

UNITED STATES — Dometic AB’s CEO is readying a new strategic direction and will unveil a cost-savings package for the Swedish maker of cooling and ventilation products for vehicles and boats, reported Bloomberg.

With the measures, which include shifting manufacturing and seeking out new customers groups, Juan Vargues is trying to get investors to look beyond a recent slump in the market for recreational vehicles that has helped send Dometic’s shares down some 30 percent so far this year.

According to the Bloomberg article, one part of the plan is to reduce the number of factories where Dometic makes everything from portable coolboxes to toilets and awnings for recreational vehicles, or RVs.

Read the full article at Bloomberg.

Ronnie Wendt

Ronnie Wendt

Ronnie Wendt has been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year. She is the owner of In Good Company Communications and can be reached at ingoodcompanycommunications@gmail.com.

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