Leading glass provider, Metro Glass
(ASX:MPP) has downgraded it capital expenditure target by $5 million for the 2018 financial year, in the wake of commencing a strategic review.
The Australasian provider started a strategic review of all aspect of the company, including its strategy, and business model. It expects the review will be completed by March 2018.
It follows its performance management efforts to improve manufacturing productivity.
It also announced its Chairman, Sir John Goulter will no longer receive additional fees for committee work.
The Chairman is also not seeking to be re-elected.
Shares in Metro Glass
(ASX:MPP) last traded on 11 October at 97 cents.
