Antonini: a profitable 2001 and investments for the future

According to recent statements made to the press by the Italian manufacturer of annealing and decorating lehrs Antonini Fosco & Figli S.r.l., profit increase in 2001 will rise by about Euro 1,376,700 …

According to recent statements made to the press by the Italian manufacturer of annealing and decorating lehrs Antonini Fosco & Figli S.r.l., profit increase in 2001 will rise by about Euro 1,376,700 compared to 2000. The company confidently expects this increase to coincide with an operating income before tax of Euro 518,840. Close analysis of cash flow has also revealed a noticeable increase in company liquidity. Antonini forecasts consolidated turnover for 2001 to be around Euro 10,377,000. The Italian company continued reorganization during 2001 and followed up its plans to achieve ISO 9001:2000 quality certification, which it expects to reach in 2002. The same statements report that Antonini has increased workforce this year in order to boost its productive and managerial sectors. This should allow the company to improve its efficiency and manufacturing capacity. Decisions have been made to invest in personnel training, with the organization of courses to keep its employees up to date. During this year, the company has successfully confirmed its strong position in the US market in California and New Jersey, thanks to the functionality and cost/profit ratio of its production. Despite the present world situation, Antonini is constantly receiving new orders, which are already sufficient to maintain production at full capacity up to July 2002. The company has a workforce of 55 and has produced 52 lehrs in the first nine months of 2001.