NKE Expands in Spite of Stagnation

Published: October 10, 2011; 18:58 · (Vindobona)

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…

This article includes a total of 177 words.

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