Manuli reports sales up in 2007, further strengthens distribution

ERJ staff report (DS)

Milan, Italy — Manuli Rubber Industries ended 2007 with group sales of 304.7 million euros – up 8 percent from the previous year. MRI said 87 percent of sales are now generated in foreign markets – many of them in the dollar area.

The company announced a further acquisition: all the shares in the South-African company Powerforce Hydraulics Witbank, a leading distributor of hydraulic components for the mining industry. Powerforce Hydraulics Witbank employs 25 people and in 2007 registered sales of 2.5…

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