October 16, 2007

Industrial Production Up 0.1% in September

Economic Trends, Free, News, Research & Analytics, Subscriber Only / MDM Staff

Industrial production increased 0.1&nbsp ; percent in September after having been unchanged in August. Total industrial production in September was 1.9 percent above its year-earlier level.
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For the third quarter as a whole, industrial production rose at an annual rate of 4&nbsp ; percent, a pace that was 1/2&nbsp ; percentage point faster than in the previous quarter.
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Output in the manufacturing sector rose 0.1&nbsp ; percent in September after a decline of 0.4&nbsp ; percent in August. The output of utilities edged down 0.1&nbsp ; percent in September after a surge in August; the output at mines expanded 0.2&nbsp ; percent in September.
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Capacity utilization for total industry was unchanged, at 82.1 percent, a rate just 0.1&nbsp ; …

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SKF Sales Up 12.8% in 3Q

Free, News, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors / MDM Staff

SKF reported sales increased 12.8% to SEK14.2 billion (US$2.2 billion) in the third quarter 2007. Sales for the first nine months were up 10.9% to SEK 43.5 billion (US$6.7 billion).
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Profit was SEK 1.1 billion (US$181 million). For the first nine months, profit reached SEK 3.6 billion (US$566 million).
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The sales increase for the quarter (in SEK) was attributed to: volume, 9%; structure 3.7%; price/mix, 2%, and currency effects, -1.9%. For the first nine months, the increase was attributed to volume, 7.9%; structure, 4.1%; price/mix, 2.2%; and currency effects, -3.3%.
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Sales growth was highest in Europe, Asia and Latin America. Sales in North America grew less. The manufacturing level for the quarter remained unchanged but was significantly …

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Regal-Beloit Buys Morrill Motors

Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Regal Beloit Corporation, Beloit, WI, has acquired Morrill Motors, a designer and manufacturer of fractional horsepower motors and components for the commercial refrigeration and freezer markets.
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The business will be reported as part of the Company’s Electrical Segment.
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Regal Beloit expects the business to add $8 million to fourth-quarter sales and add $42 million in sales to 2008.
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Morrill brings to Regal-Beloit a wholly owned subsidiary in Jiaxing, China. The manufacturer says the acquisition further expands its global manufacturing and commercial capabilities.

Regal Beloit Corporation is a manufacturer of branded mechanical and electrical motion control and power generation products serving markets throughout the world. …

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October 16, 2007

Industrial Production Up 0.1% in September

SKF Sales Up 12.8% in 3Q

Regal-Beloit Buys Morrill Motors

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