8
Lakshmi reports Q1 sales growth
Lakshmi Precision Screws Limited reported its first quarter domestic sales up 19.69% to 395 million rupees
and a 12.2% export sales increase bringing total sales to 569 million rupees.
Overall profit after tax was up 4.87% to 15.5 million rupees. Comparison is to the corresponding quarter in 2007.
2007-2008 sales totalled 2,110 million rupees. (100 rupees is equal to 1.57 euros).
“An increase in demand for our products from LPS’ existing customers in India and overseas favourably impacted
the performance of the company in the last quarter and also encouraged us to ramp up our capacities,” said
chairman and managing director, Lalit Kumar Jain.
Acument establishes aerospace
business unit
Acument Global Technologies, Aerospace Quality Systems Saturn gave Acument an
Inc, a supplier of mechanical Certification and has begun ramping established base of more than 300
fastening technology, today up production of aerospace-grade global customers and an immediate
announced it has established specialty screws, bolts and threaded presence in the Southern California
Acument® Aerospace as a fasteners. aerospace community. Saturn and
separate business unit to focus Engineers at the Camcar Camcar Aerospace now will operate
and expand its capabilities in the Aerospace research and as part of the Acument Aerospace
high-performance aerospace development lab are working jointly business unit.
threaded fastener market. with the Northern Illinois University “Forming our Acument
According to Acument president (NIU) School of Engineering to
Aerospace business unit signals
and CEO Rick Dauch, the business conduct a federally funded study on
Acument’s commitment to
unit’s international headquarters next-generation titanium aerospace
accelerate our growth as a
will be located in Rockford, Ill., and fasteners. The US$750,000 federal
significant supplier of aerospace
led by Randy Aardema, general funding for the study was directed
threaded fastening technology,”
manager of Acument® Aerospace. by Congressman Don Manzullo of
Dauch said. “With the integration
In late March 2008, Acument the 16th Congressional District of
announced its re-entry into the Illinois.
of our Saturn Fasteners acquisition
aerospace threaded fastener Immediately after establishing
complete and ramp-up of Camcar
market with the opening of its Camcar Aerospace in Rockford,
Aerospace now underway, we
Camcar® Aerospace production Acument announced it had acquired
have reached the appropriate time
complex occupying two renovated Saturn Fasteners, a specialty
to give our growing aerospace
facilities in Rockford, Ill. The aerospace threaded fastener
business the focus and leadership
operation quickly earned its AS9100 supplier based in Burbank, Calif. it required.
Bosch Rexroth plans acquisition of
Hägglunds Drives AB
Bosch Rexroth plans to acquire all shares in Hägglunds Drives AB, which is based in Mellansel, Sweden. The
contract was signed on July 18, 2008 in Stockholm (Sweden). The acquisition is subject to approval by the
authorities.
In 2007, Hägglunds Drives employed around 900 people and achieved sales of approximately 200 million euros.
Hägglunds Drives is an international supplier of complete hydraulic drive systems, separate drive motors and
services. The Group develops, manufactures, markets and services complete drive system solutions for applications
requiring high torque and variable speeds.
"The acquisition of Hägglunds Drives expands our industrial hydraulics portfolio and by this we gain new
potential in growing markets, such as renewable energies, and mining and materials handling," explains Dr. Albert
Hieronimus, Chairman of the Executive Board of Bosch Rexroth AG. Bosch Rexroth already offers a broad range of
hydraulics solutions for industrial and mobile applications. At present, however, it only supplies radial piston motors
–the primary product manufactured by Hägglunds Drives – in performance classes for use in mobile applications,
such as small construction machinery.
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