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Kamdhenu Ispat registers growth of 86% in Net Income

The Company is already present across the country with a huge network of dealers and distributors along with a robust marketing network. The company has also adopted the business mode of stockyard marketing through which the company is directly selling the products to bigger clients as per their needs. These stockyards are strategically place across the country and are efficiently cutting the transport and time cost and meeting the supply and delivery targets on time.

Kamdhenu Ispat Ltd. is gearing ahead in its ambitious mission to expand its base beyond India. The company is already in the markets of Nepal in franchisee association with M/s Maruti Nandan Steel Rolling Mills Pvt. Ltd. The company has its set to enter all the SAARC countries with its various products in coming times. more

Strattec reports 4Q loss The Business Journal of Milwaukee

Strattec Security Corp. posted a loss for the fiscal fourth quarter as sales plunged for the Glendale automotive lock manufacturer because of dramatic production cuts by automakers.

Strattec (NASDAQ: STRT) reported a net loss for the quarter ended June 29 of $921,000, or 27 cents per share, compared with net income of $3.4 million, or 97 cents per share, for the comparable period a year ago.

Net sales fell 16 percent to $38.6 million from $46.1 million on lower sales to its major customers like Chrysler LLC, General Motors Corp. and Ford Motor Co.

The company said it was impacted by a 12-week strike against a major supplier to GM that resulted in the temporary closure of several plants supplied by Strattec. A dramatic shift in vehicle demand by consumers, who are moving away from the large gas guzzling SUVs and trucks, is also hurting results for Strattec. more

How to Reach Business Your Paper Local Scene in Port Today

Local Scene highlights management-level and other professional positions, awards and local business changes.

How to submit Send items to biz@pilotonline.com or Local Scene, Business News, 150 W. Brambleton Ave., Norfolk, VA 23510.

(c) 2008 Virginian - Pilot. Provided by ProQuest Information and Learning. All rights Reserved.


Source: Virginian - Pilot

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