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Home > Company Index > Manufacturing > Machine Tools, Components & Accessories > WALTER AG

WALTER AG
 NEWS FROM THE WIRES
Fund managers find value in beaten-down growth stocks
Aug 09 2001 07:43 AM PDT

Waters meets lowered expectations
Jul 24 2001 04:26 AM PDT

HK stocks flat at midday, Beijing shrs outperform
Jul 15 2001 10:06 PM PDT

HK stocks flat at midday, Beijing shrs outperform
Jul 15 2001 10:06 PM PDT

More WIRE STORIES about this company

 PROFILE
With apologies to George Bernard Shaw, WALTER is neither man nor machine, but simply a tool and machine maker. The company's two main segments manufacture and sell machining systems and metal-cutting tools. Its tools division (59% of sales) makes carbide tools for turning, boring, cutting, and milling, while its machines division (40%) produces grinding machines. WALTER also produces a line of tool data management software to aid in project planning and production. Founded in 1919, WALTER has operations worldwide, with Europe accounting for more than 60% of its sales. The Mambretti family controls more than 60% of the company.

 COMPETITION
Ingersoll International Inc. (dossier)
Kennametal Inc. (KMT)
Milacron Inc. (MZ)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 251.50
1-Yr. Sales Growth: 8.8%
Employees: 1,778
Revenue per employee: $141,451.07

 KEY PEOPLE
• Franco Mambretti
    CEO

 CONTACT INFO
Postfach 20 49
D-72010 Tübingen, Germany
Phone: 49-70-71-70-1530
Fax: 49-70-71-70-1645
Online: Web Site

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