preload preload preload preload

The sales amount of Temkin Company is 1,100 million dollars Go up by 39% compared with the same period of last year


30th June 2010 Bearing Technology 0 Comments

Temkin of Ohio state Canton is global bearing, manufacturer of the alloy steel and energy conversion part. The sales amount will be 1,100 million dollars in 3 quarters of 2010 of report on Thursday in the company, will increase by 39% compared with the same period of last year. This sales amount increases and reflects global demand increasing and higher material extra charges. It is 71,400,000 dollars that the company manages the business continuously in 3 quarters, compare for 3 quarters last year in order to lose 19,400,000 dollars. Not including special articles, it is 78,100,000 dollars that the company manages the business income continuously, it is 7,400,000 dollars in 3 quarters of 2009 by contrast.

The increase of the income showed stronger demand, stronger production efficiency, extra charges, priced in 3 quarters, also with selling and managing the cost to offset higher fee of material to a certain extent. By September 30, 2010, it is 493 million dollars that the company is always in debt. There are 900 million dollars of cash in the company, or the total debt of over 407 million dollars. The cash will be 243 million dollars on December 31 of 2009 by contrast. The increase of the cash income reflects the income increases, turning over pension and active capital will offset to this to some extent too.

At the company quarter meeting, Temkin announces it invests 50 million dollars to used in steel products to process in Ohio state, it is estimated that increased working efficiency, finished in 2013. The company is more excited to the office that is open in Jakarta of Indonesia at present. This office meets the metal, mining, cement, railway and demand that the energy trade expands.

In the first 9 months of 2010, the sales amount is 3 billion dollars, will increase by 26% compared with the same period of 2009. The income managing in company’s continuation is 181,100,000 dollars in the first 9 months of 2010, it was 53,900,000 dollars one year ago by contrast.

The income from sales of the steel group of 3 quarters, includes and sell among the groups, it is 371,300,000 dollars, increase by 135% compared with the same period of last year, the extra charges of raw materials have increased about 80 million dollars in 3 quarters compared with last year.










  • Leave a Reply

    * Required
    ** Your Email is never shared