Investments help Montupet gain value.

Automotive News Europe,  April, 2002  by De Saint-Seine, Sylviane

• E-mail
• Print
• Link

Montupet, the French aluminum components specialist, was the best performer among suppliers in the first quarter with a gain of 50.6 percent.

Investors praised the company's 2001 financial results. Montupet sales rose 15.8 percent to E470 million and net income climbed 3.19 percent to E12 million.

Shares are trading around E15.62 after idling for months at around E10. But they remain far from the heights achieved in early 1998, when they traded for as much as E50. Since then, Montupet spent E200 million to expand capacity, building plants in Mexico and Chantilly, north of ...

Read the rest of this article with a Free Trial at HighBeam Research.