Electrolux will close 2 US plants, profits up sharply.Byline: AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. STOCKHOLM: Swedish appliance maker Electrolux reported better-than-expected quarterly results Monday but also announced the planned closure of two US factories, sparking a jump in the company share price. Electrolux, which on Friday said it would close a Spanish plant with the loss of 450 jobs, said it would also shutter (1) An opaque window that is moved in one direction to let light in and in another to close off the light. In fixed-lens cameras, one shutter often suffices for aperture and speed. two washing machine (storage) washing machine - An old-style 14-inch hard disk in a floor-standing cabinet. So called because of the size of the cabinet and the "top-loading" access to the media packs - and, of course, they were always set on "spin cycle". factories in Iowa that employ 950. The company in addition pledged to carry out further restructuring, cheering investors on the Stockholm exchange where Electrolux shares were showing a gain of 8.9 percent to 179.70 kronor in an overall stronger market. Electrolux said that in the three months to September it earned a net profit of 1.63 billion kronor (160 million euros, 240 million dollars), up 92 percent from a year earlier on the back of low raw material costs and previous cost-cutting measures. Analysts surveyed by Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July had forecast third quarter net profit at 782 million kronor. Third quarter sales rose 5.0 percent to 27.6 million kronor, beating expectations of 27.1 billion kronor. "Almost everything went our way this quarter. (A) Cyclical cyclical Of or relating to a variable, such as housing starts, car sales, or the price of a certain stock, that is subject to regular or irregular up-and-down movements. trough in commodity prices and maintained prices have been decisive for our earnings improvement. "Other contributing factors are a better product mix and significant cost reductions," said the company, ranked as the worldEoe1/4aos second largest home appliance manufacturer after the US group Whirlpool. At the same time, it cautioned that "demand continues to be weak, although the rate of decline has slowed down." It pointed in particular to Europe, where it said the appliance market had further to fall. Electrolux, after carrying out several reorganizations in recent years in a bid to cut costs, announced the elimination of 3,000 jobs in December in response to the global economic slowdown. The company, which makes refrigerators, dishwashers and vacuum cleaners vacuum cleaner, mechanical device using a draft of air to remove dust, loose dirt, or other particulate matter from dry surfaces. It is especially useful on highly textured surfaces, such as carpets and upholstery, that are difficult to clean by wiping or brushing. , has stepped up its restructuring efforts since 2004, in many cases moving production to low-wage countries. Production at plants in Jefferson and Webster City, both in the mid-western American state of Iowa, will be transferred to Juarez in Mexico at an estimated cost of 630 million kronor. The Jefferson plant is due to close in the last quarter of 2010 and the Webster City facility in the first quarter of 2011. Electrolux recently said it had also launched a study on the viability of a stove-making plant in Sweden that employs 240 people. Muscat Muscat, Maskat, or Masqat (all: mŭs`kăt, mŭs`kət), city (1993 pop. 533,774), capital of Oman, SE Arabia, on the Gulf of Oman. It is flanked by rugged mountains. Press and Publishing House SAOC SAOC Studies in Ancient Oriental Civilization SAOC Sunbeam Alpine Owners Club (UK) SAOC Sector Air Operations Center SAOC South African Orchid Council SAOC Submariners Association Of Canada (Gloucester, ON, Canada) 2009 Provided by Syndigate.info an Albawaba.com company |
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