EBARA EXPANDS PUMP PRODUCTION IN CHINA

• Publisher: Elsevier Science
• Year: 2002
• Tongue: English
• Weight: 91 KB
• Volume: 2002
• Category: Article
• ISSN: 1359-6128
• DOI: 10.1016/s1359-6128(02)00701-2

✦ Synopsis

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Ebara Corp is set to increase production of general-purpose pumps in China.

A report in the Nikkei Business Daily says that the Japanese pump company will start full-scale production of pumps at its Taiwanese manufacturing plant in Jiangsu Province later this summer. The plant is expected to produce ¥300 million worth of pumps in fiscal 2003, which will be exported to Japan and Southeast Asia.

According to the Nikkei Business Daily, Ebara is also planning to build an integrated production facility for general-purpose pumps in Beijing by the end of 2003, outsourcing some operations to local manufacturers.

Ebara reported a consolidated net loss of ¥17.9 billion for the fiscal year ended 31 March 2002, compared with a year-earlier profit of ¥2.6 billion (see Pump Industry Analyst, June 2002). Group sales were down 6% to ¥562.6 billion, while operating profit fell 75% to ¥3.5 billion. For the year ending March 2003, Ebara is predicting a ¥3 billion net profit on sales of ¥580 billion.