Nachi Launches Three-Year Capital Investment Project

Resource from: CBCC Likes:2999

Dec 18,2003

Nachi-Fujikoshi Corp. (Japan) revealed it is planning to dramatically increase its capital investment schedule via a three-year, USD $233 million program. Targeting both its automotive bearing and hydraulics business segments, the new program is designed to improve manufacturing systems across all of its facilities worldwide. The company did not release numbers for the expected effect in 2004 and 2005. However, by the end of 2006, Nachi projects the program will be driving operating profits up by 50%, to $107.2 million, supporting a sales improvement of 8%, or $1.5 billion. Sales outside of Japan are projected to grow the fastest; 36% of the company's total sales are now outside Japan, and that is expect to reach at least 40% by the end of 2006. Earlier this month, Nachi said it expects to post a USD $55 million profit for the fiscal year ending November 30, 2003, up over 190% from fiscal 2002. In the first half, Nachi reported net income of $1.6 million.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Petrobras selects SKF for predictive maintenance
Next China: 2003 International Bearing Industry Exhibition for China Opened in Shanghai(Pics)

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.