Cascade Corporation (
NYSE: CAE) is the world leader in the design and manufacture of material handling equipment for lift trucks. The company's attachments and forks help a truck lift, sideshift, rotate, tilt and clamp appliances, paper rolls, textiles, lumber and other products.Cascade Manufacturing Corporation was founded in Portland, Oregon in 1943 as a small machine shop.
[1]
[edit] Key Financials
- Revenues of $478 million in 2007, up from $450 million in 2006 (up 6%)
- Net Income of $45 million in 2007, up from $42 million in 2006 (up 7%)
[edit] Sales by Region (2007)
- North America - $263 million
- Europe - $137 million
- Asia Pacific - $48 million
- China - $29 million
[edit] Geographic Mix
[edit] Recent Developments
The company has moved forward with the expansion of its operations in China where it aims to keep pace with the rapidly expanding Chinese lift truck market, expand its business in the Asia Pacific region and provide production capacity to begin exporting Chinese-made products to other parts of the world. During fiscal 2007, the company invested $9 million and plans to invest another $5 million by the end of fiscal 2008.[2]
References
1. Corporate Brochure: http://www.cascorp.com/investor/overview
2. 2007 Annual report, p.15
[edit] References
- ↑ CAE
- ↑ CAE
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