Montreal company Cobra Anchors Co. Ltd announce a significant 20% increase in sales since the beginning of 2020.
The company expect further growth in the coming months due to the expansion of its current product line at a major retailer and the launch of new products towards the end of the year.
Pierre R. McDuff, President and CEO of Cobra said, “I am proud of the work accomplished by the employees who have not hesitated to take up the challenge of supporting this extraordinary growth. I am confident that the investment we have made during this unprecedented crisis, will enable Cobra to continue its growth while providing excellent customer service and offering quality products based on innovation”.
In the past eight months, Cobra has invested $4.5 million into the Canadian facility with its injection molding machines, robotic assembly, and packaging cells.
Additionally, Cobra is working on redesigning its website to ensure an optimised browsing experience and product search and selection for its customers. The consumer will be able to easily locate a point of sale by using the new participating retailer’s locator tool and other web features. The new website will go live next month.
Cobra has scheduled the launch of its new product, the WallDriller PlusTM anchor for the winter of 2020-2021.
The two manufacturing sites, located in Montreal, Canada, and Temple, Pennsylvania, operate seven days a week, 24 hours a day. Despite the long days, the company has reviewed and adjusted shift patterns of its workers to an 8-or- 12 hour schedule, ensuring the health and safety of employees.
