Question-and-Answer Session
Operator
Ladies and gentlemen (Operator Instruction). Your first question comes from Brett Hoselton - KeyBanc Capital Mkts.
Brett Hoselton - KeyBanc Capital Mkts.
Restructuring, is this going to take you the additional and incremental restructuring, is this going to take you where you need to be? Or do you think there is more to go in 2009?
Ken Kure
No, I think when we finish with this footprint that we will have then three plants in the north; we will have a one plant facility up in Canton, We will have one in Lexington which is a consolidated of Sarasota and then we will have our Portland facility which does not, and that is the kind of footprint that we envisioned going forward. Certainly, if market conditions change dramatically we might look at something different, but right now I do not see that and then the rest of our facilities in North America, of course are in all of our Mexican operations except for cross border warehouse facility in El Paso.
In Europe, the opening of the Estonian facility will allow us to transfer more products into that facility and we continue to look to expanding in China. So, I think, pretty much in terms of physical relocation of products right now I think we are finished once we get through that.
Brett Hoselton - KeyBanc Capital Mkts.
On your business backlog, I believe it is $200 million over the next three or four years? As you guys have said in the past. Has that changed due to this environment, or is it still growing?
Ken Kure
Well, our order book, we have forecasted our order book, but, when we win new awards the issue is of course, when the volume goes down despite the expected amount of those awards will go down too. But it will also come back up when the market goes through that down cycle and then up cycle.
For instance, if you are to look at awards that are coming on screen in Europe last year based on the outlook for the European market, I think, those awards, the dollar amount of those awards would be higher just on a pure volume basis. Now, I think because of what is going in Europe it will be somewhat lower. The real question for us though is to make sure we are still winning the awards, still supporting the business because as the markets turn and come back, then we will reap the benefits of that.
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