Get Adobe Flash player
PLASTIKS on line. Home
Русская версия
magazine conference catalogue
News
PLASTIKS news
Business forums
Plastics recycling
Raw materials and additives
Investments and equipment
Plastics application
Subscribe to news












Milacron profitable after emerging from Chapter 11

05/10/2011


Sales are growing at Milacron, two years after the maker of plastics machinery emerged from Chapter 11 bankruptcy. The Cincinnati-based company is profitable, officials said.
This year, Milacron leaders expect sales to reach around $800m, an increase of about 30% from 2010. That would mark a return to levels the company reached before the recession, officials said. Milacron’s sales grew by a similar percent between 2009 and 2010.
New orders for the first two quarters of 2011 increased at a rate comparable to the same period of 2010. The increase was broad based, covering plastics machinery, aftermarket business DME mould components and metalworking fluids.
Milacron also is on track to double its 2010 profitability, officials said. That allows the leadership team to continue reinvesting in the business. Milacron reinvested $10m in 2010.
This year, company executives anticipate investing $20m, plus another $10m in research and development, mainly for new products.
Milacron emerged from Chapter 11 bankruptcy in August of 2009. Milacron is owned by New York-based Avenue Capital Group.

Plastics.ru

     








Other news

08/07/2015 Engel issues HL awards to three companies
03/07/2015 ENGEL exclusive machine partner of Liquidmetal Technologies
25/06/2015 ENGEL has grown by 14 percent
06/12/2013 KraussMaffei agrees to keep German plant open
06/12/2013 Clariant launches masterbatch show home
17/05/2013 Battenfeld-Cincinnati supplies Brazilian Plastilit
30/04/2013 Wittmann expands production of metal
30/04/2013 Engel unveils German subsidiary number four
14/02/2013 KraussMaffei Berstorff to supply Pinuform
14/02/2013 VW cuts cycle time with IntElect machine


Archive
Журнал ПЛАСТИКС
Яндекс цитирования
"ПЛАСТИКС" стал мобильнее
x

Уважаемые посетители сайта "Пластикс"

С июня 2013 года для пользователей планшетных компьютеров на Android и iOS доступно мобильное приложение (инструкция здесь).

Вы можете бесплатно ознакомиться с одним из номеров журнала (№6, 2015) через мобильное приложение.