NetworkNewsBreaks – RJD Green Inc.’s (RJDG) Si
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Posted On: 10/02/2023 5:08:03 PM
NetworkNewsBreaks – RJD Green Inc.’s (RJDG) Silex Holdings Seeking to Fill Niche in Growing Home Improvement Market
RJD Green’s (OTC: RJDG) subsidiary Silex Holdings Inc., a Tulsa, Oklahoma-based wholesaler and distributor of kitchen building products, has been a beneficiary of the ongoing home renovation boom. The company’s order backlog had grown to over $2,400,000 as of May 31, 2023. “A recent research report by Statista forecast that home improvement sales within the United States were expected to grow to over $620 billion by 2025, rising from a value of $538 billion in 2021. Seeking to fill an underpenetrated market niche between Home Depot and local contractor companies, Silex has sought to capitalize on the industry’s growth through both its focus on manufacturing and installing granite and other countertops, cabinets, and other products as well as its expansive customer base, ranging across residential builders, commercial contractors and DIY customers, alike,” a recent article reads. “Silex continues to increase its most profitable sectors, commercial projects and high-end commercial homes while maintaining ongoing home builder and retail business. Silex Holdings is now focusing on profit enhancements such as inventory savings where the return-of-investment is recovered in year one allowing Silex to create ongoing cashflow benefits in the years following,” Ron Brewer, CEO of RJD Green, is quoted as saying.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
RJD Green’s (OTC: RJDG) subsidiary Silex Holdings Inc., a Tulsa, Oklahoma-based wholesaler and distributor of kitchen building products, has been a beneficiary of the ongoing home renovation boom. The company’s order backlog had grown to over $2,400,000 as of May 31, 2023. “A recent research report by Statista forecast that home improvement sales within the United States were expected to grow to over $620 billion by 2025, rising from a value of $538 billion in 2021. Seeking to fill an underpenetrated market niche between Home Depot and local contractor companies, Silex has sought to capitalize on the industry’s growth through both its focus on manufacturing and installing granite and other countertops, cabinets, and other products as well as its expansive customer base, ranging across residential builders, commercial contractors and DIY customers, alike,” a recent article reads. “Silex continues to increase its most profitable sectors, commercial projects and high-end commercial homes while maintaining ongoing home builder and retail business. Silex Holdings is now focusing on profit enhancements such as inventory savings where the return-of-investment is recovered in year one allowing Silex to create ongoing cashflow benefits in the years following,” Ron Brewer, CEO of RJD Green, is quoted as saying.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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