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NKE Expands in Spite of Stagnation
The Austrian engineering company invests massively and created further jobs. The entry to China should bring growth again.
NKE Expands in Spite of Stagnation / Picture: © Vindobona.org
The manufacturer of ball bearing systems NKE made substantial investments during the last years. NKE currently suffers from a weak order intake, which is a late consequence of the economic slump in 2009. After years of strongly rising sales, in 2009 the sales figure began to stagnate (€ 43.9m). Profits were still satisfying then. However, in 2010, orders went down…
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