2012 Results - Essilor
2012 Results - Essilor
2012 Results - Essilor
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Transitions: Background to discussions with PPG Industries<br />
New challenges of the photochromic market<br />
› The photochromic market is growing rapidly in high-growth countries as well as in the<br />
mid-range<br />
› Certain manufacturing customers of Transitions and new Asian players are developing<br />
alternative solutions<br />
› Increasing integration of value at laboratory level (digital surfacing and In lab casting)<br />
At the same time<br />
› Transitions’ growth has slowed<br />
› Transitions is very focused on the United States with a high-end brand and products<br />
› Transitions is dependent on certain manufacturers including <strong>Essilor</strong>, its main customer<br />
Objective of discussions with PPG Industries:<br />
Adapt the governance of Transitions to respond to these new<br />
challenges and better serve the industry and the consumer<br />
<strong>2012</strong> <strong>Results</strong> 30
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