Milacron Inc., Cincinnati, OH, global supplier of plastics-processing technologies and industrial fluids, reported a net loss for the quarter ended Sept. 30, 2008, of $2.6 million, compared with a net loss of $4.5 million in the prior-year period.
Sales in the most recent quarter were $195 million, down 4%. New orders of $191 million declined 6%, reflecting lower demand for plastics processing equipment in the automotive and construction industries in North America.
Machinery Technologies-North America sales in the quarter were essentially flat versus the same period last year at $92 million, as depressed U.S. automotive and construction markets dampened sales of injection and extrusion equipment. Sales of blow molding systems improved, as did injection …
Milacron Sales Down 4% in 3Q
Milacron Inc., Cincinnati, OH, global supplier of plastics-processing technologies and industrial fluids, reported a net loss for the quarter ended Sept. 30, 2008, of $2.6 million, compared with a net loss of $4.5 million in the prior-year period.
Sales in the most recent quarter were $195 million, down 4%. New orders of $191 million declined 6%, reflecting lower demand for plastics processing equipment in the automotive and construction industries in North America.
Machinery Technologies-North America sales in the quarter were essentially flat versus the same period last year at $92 million, as depressed U.S. automotive and construction markets dampened sales of injection and extrusion equipment. Sales of blow molding systems improved, as did injection …
Share this article
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
