✦ LIBER ✦

Coltec's continued growth

Publisher: Elsevier Science
Year: 1999
Tongue: English
Weight: 268 KB
Volume: 1999
Category: Article
ISSN: 1350-4789
DOI: 10.1016/s1350-4789(99)90163-0

No coin nor oath required. For personal study only.

✦ Synopsis

Laird reports significant profits losses

Laird, the engineering group, has announced a 75% reduction in its 1998 pre-tax profits due to start-up losses at it new US automotive sealing plant and restructuring costs in Germany.

The £34.5 million US sealing plant made an operating loss of£16 million, with the start up losses further compounded by problems in obtaining raw materials from local sources. The group expects the US sealing business to make a further loss this year before moving into profit in the final quarter.

The pre-tax profits of £23.7 million also included an exceptional charge of £14.3 million for the restructuring costs of its German sealing operations, which resulted in the loss of 350 jobs. However, it is expected to produce £5 million in annual savings for the group.

📜 SIMILAR VOLUMES

Coltec's industrial segment grows

📂 Article 📅 1998 🏛 Elsevier Science 🌐 English ⚖ 143 KB

Coltec, owner of Garlock Sealing Technologies, has announced financial results for the fourth quarter of 1996. Coltec sales for the period rose 20% to $359 million, from $298.3 million in the fourth quarter in 1996. Operating income for the same quarter increased by 12 per cent, to $54.9 million. F

Coltec's shareholders vote for merger

📂 Article 📅 1999 🏛 Elsevier Science 🌐 English ⚖ 384 KB

## Laird reports significant profits losses Laird, the engineering group, has announced a 75% reduction in its 1998 pre-tax profits due to start-up losses at it new US automotive sealing plant and restructuring costs in Germany. The £34.5 million US sealing plant made an operating loss of£16 mill

Continued growth for prominent

📂 Article 📅 2007 🏛 Elsevier Science 🌐 English ⚖ 52 KB

Supply appointment at Coltec's industria

Supply appointment at Coltec's industrial segment

📂 Article 📅 1999 🏛 Elsevier Science 🌐 English ⚖ 114 KB

Coltec's outlook revised to positive by

Coltec's outlook revised to positive by S&P

📂 Article 📅 1998 🏛 Elsevier Science 🌐 English ⚖ 121 KB

Manufacturers see continued market growt

Manufacturers see continued market growth

📂 Article 📅 2004 🏛 Elsevier Science 🌐 English ⚖ 43 KB

coal to gas, removing most of the sulfur dioxide and other emissions before the gas is used to fuel a combustion turbine generator. The hot exhaust gases are then used to heat steam, driving a steam turbine generator. The technology uses less water and has fewer emissions than a conventional coal-fi