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Industry: Email Alert RSS FeedNo stopping the rise of Brembo.(News)
Automotive News Europe, April, 2003 by de Saint-Seine, Sylviane
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Byline: Sylviane de Saint-Seine
The share value of Italy's Brembo, the maker of brakes and callipers, increased by nearly 23 percent in the first quarter.
Brembo's sales in 2002 rose 6.6 percent to [euro]565.8 million, and it made an above-average operating profit margin of 16 percent.
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Against a backdrop of declining car sales and pricing pressures, Brembo's sales remained strong in the first quarter. The company continues to expand, with plans to invest about [euro]20 million in a new brake-disc manufacturing plant in Zaragoza, Spain, to serve local vehicle manufacturers. ...
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