Europe’s second-largest auto parts supplier, Continental Group, recently announced fourth-quarter profit and operating income, which exceeded analysts’ expectations. The group expects that its Asian sales growth will offset the surge in rubber costs.
Continental Group said that its net profit for the fourth quarter was 213 million euros, compared with net profit of 154 million euros for the same period in 2009. The mainland’s fourth-quarter sales reached 6.9 billion euros, a year-on-year increase of 21%.
Looking ahead to 2011, the mainland stated that the percentage of earnings before interest, tax, depreciation and amortization as a percentage of sales will be maintained at 9.7% last year; sales may increase by about 10% to more than 28.5 billion euros.
Continental Group expects that its operating income will increase by 10% in 2011. The increase in Asian emerging market sales will offset rising rubber costs, and rubber costs are expected to increase by 700 million euros.
In addition, in 2011, the mainland also plans to reduce its debt from 70 billion euros at the end of 2010 to less than 70 billion euros.
The STL water-jacketed Gold Concentrator is a kind of gravity separation equipment. It was developed by Changchun Gold Research Institute Co., Ltd. in 1985 and entered the market. At present, it has been used in many domestic and foreign companies. It is suitable for the recovery of single gold in placer gold, vein gold mines and polymetallic mines, instead of mercury plate operations. The addition of large single gold particles in the collected ore before flotation can further increase the recovery rate of gold mines, and it can also be used from gold-bearing mines. Separate single gold from flotation gold-copper concentrate and flotation gold concentrate.
The main indicators of this series of equipment basically reach the level of similar international products (such as Nielsen gold selectors, etc.). Compared with similar equipment at home and abroad, this series of equipment has the advantages of high cost performance, easy operation, and low maintenance costs.
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