NEWS FROM THE WIRES |
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Carrier Corp hikes stake in India unit to 86 pct Aug 03 2001 03:09 AM PDT
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PROFILE |
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CARRARO keeps industrial machinery moving on its axles. The company makes axles, gears, transmissions, and related components for cars, earth-moving equipment, forklifts, tractors, and other industrial vehicles. Besides its traditional axles (60% of sales) for on- and off-highway uses, CARRARO makes axles for forklifts and light vehicles. It also makes transmissions (18% of sales) for agricultural tractors and construction equipment and drivetrain components such as variable cam phasers. Customers include CNH Global, Caterpillar, Deere & Company, and DaimlerChrysler. North America accounts for about a third of sales; Italy brings in about 20%. Chairman and CEO Mario Carraro owns a controlling share of the company.
COMPETITION |
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American Axle & Manufacturing Holdings, Inc. (AXL)
GKN plc (GKNLF)
Tecumseh Products Company (TECUB)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 324.20
1-Yr. Sales Growth: (11.5)%
Employees: 2,000
Revenue per employee: $162,100.00
KEY PEOPLE |
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Mario Carraro
CEO
CONTACT INFO |
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Via Olmo, 37
35011 Campodarsego Padua, Italy
Phone: 39-049-921-91-11
Fax: 39-049-928-91-11
Online: Web Site
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