-1.8 C
London
Friday, December 9, 2022
Banner
Banner
Filtraglass

DAILY NEWS
Daily news

USA: Applied Films optimistic about 2003 despite FQ2 loss

Despite a reported USD 0.5 million (USD 0.05/share) loss for its fiscal second quarter reported 17 January 2003, Applied Films“ CEO Tom Edman is optimistic for 2003. The company, which produces film …

Despite a reported USD 0.5 million (USD 0.05/share) loss for its fiscal second quarter reported 17 January 2003, Applied Films“ CEO Tom Edman is optimistic for 2003. The company, which produces film deposition equipment to the flat-panel display and consumer products packaging industries, said orders in January 2003 are up, partly due to its joint venture in Suzhou, China, dating from September 2002. Edman said he also anticipates growth from Applied Films“ Bestpet products in the second half of the fiscal year. It has been testing new technology in one of Coca-Cola“s German bottling plants. Applied Films“ exclusivity agreement with Coke has expired, but Edman said the company is not going to market the product to other bottlers for some time to come.

Related news
- Advertisement -spot_img