Significant cost reduction efforts, coupled with stringent controls over working capital, helped to reduce the impact of Covid-19-related restrictions on aluminium supplier Hulamin's performance for the six months ended June 30, CEO Richard Jacob said on September 21. The company noted that cost reduction, strict controls over working capital and a weaker exchange rate had partially offset the impact of the pandemic, which resulted in major disruptions to manufacturing operations and severe demand shocks in most markets.
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