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News Breaks
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November 10, 2009
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| 06:07 EDT |  | HRBN |
| theflyonthewall.com: | Harbin Electric CEO: "Operating results in Q4 to remain strong" | | Looking forward, Tianfu Yang, Chairman and CEO commented: "We expect operating results in Q4 to remain strong. While oil pump sales should be seasonally softer and the subway train project is continuing its final testing stage, we expect our rotary motors order book to remain robust and to exceed current capacity. Additionally, we expect the linear motor freight train project for coal transportation to begin contributing to our total revenues and profits in the coming quarters. In the specialty micro-motor business, while we see some higher order volumes going into the fourth quarter with existing products, our Shanghai facility is working hard with our North American customers and we anticipate that this facility will begin the production of new products soon." :theflyonthewall.com |
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