Forbo maintains focus on low-volume, sustainable products
Forbo Holding AG’s (Forbo) strategy has been to focus on high-quality, sustainable products and services rather than expanding into high-volume segments. As a result, the company focuses on the development of application-specific innovations and successfully completed extensive projects. These efforts are especially focused on product lines and emerging markets with above-average growth prospects. This strategy has, according to the company, enabled it to maintain its leading position in the global floor coverings and building and construction adhesives market.
StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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