Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of industrial consumable products and services, is pleased to announce that Macquarie Capital has initiated analyst coverage on Xerium.
"We are pleased that the investor community following Xerium is growing. The company's long term plan is to increase its share of the growing global markets in which we participate," said Harold Bevis, Xerium's President and CEO. "By selectively reinvesting in our business, we expect to generate high free cash flows that will enable the pay down of over half our debt by 2020."
Any opinions, estimates or forecasts regarding Xerium's performance made by these analysts are theirs alone and do not represent the opinions, forecasts or predictions of Xerium or its management. Xerium does not imply its endorsement of or concurrence with such information, conclusions or recommendations.
About Xerium Technologies
Xerium Technologies, Inc. (NYSE:XRM) is a leading global provider of industrial consumable products and services. Xerium utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. Xerium has 26 manufacturing facilities in 12 countries around the world and employs approximately 3,100 employees.