On The Insider: Photo Gallery: Hippie Chicks
Find Articles in:
all
Business
Reference
Technology
News
Sports
Health
Autos
Arts
Home & Garden
advertisement
advertisement

Aluminum drives Kolbenschmidt's growth; 60% of engine blocks in Europe use the lightweight material.(Kolbenschmidt Pierburg AG)(Interview)

Automotive News Europe,  May, 2006  by Bongard, Arjen; Chew, Edmund

premiumContent provided
in partnership with
premium

Byline: Arjen Bongard, Edmund Chew

Piston and engine block specialist Kolbenschmidt Pierburg has been one of the better performing suppliers in Germany in the last few years. It's sales rose 5.6 percent to [euro]2.05 billion in 2005 and its operating profit increased to [euro]146 million from [euro]139 million the year before. Over each of the last two years, the company's earnings before interest and tax has been more than 7 percent. Kolbenschmidt Pierburg CEO Gerd Kleinert, 57, expects continued growth because of the increased demand for aluminum engine blocks in high-end cars. ...

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