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Jier Machine Tool Group Co., Ltd. Country: China
   
4, Jichuang Erchang Rd., Jinan, Shangdong 250022 China. Phone 86-531-7963311.
www.jiermt.com Brands: Jier, Jinan No. 2
State-Owned
Largest manufacturer of mechanical presses and large plano-milling machines in China. Ties to Forest-Liné (France), ISI Robotics (USA); Pietro Carnaghi S.p.A. (Italy); former tie to Verson Allsteel Press. Distrib in N. Amer. by Toledo Press.
Values in Millions
unrevised estimated
Fiscal Year Ended Dec. 2008 Change Dec. 2007 Change Dec. 2006
Total Revenue, yuan renminbi 1,200.0 1,200.0 na
M-T Revenue, yuan renminbi 1,200.0 1,200.0 na
Net Profit (Loss), yuan renminbi na na na
U.S. $ Conversion Factor 0.14415 0.13167 0.12100
Total Revenue, U.S. $ 173.0 9% 158.0 -21% 200.0
M-T Revenue, U.S. $ 173.0 9% 158.0 -21% 200.0
Net Profit (Loss), U.S. $ na na na
Financial Notes:
State-owned, affiliated to Jinan municipal government.  Formerly Jinan #2 Machine Tool Group. Employs 3,800 with 19 affiliated companies under Group, incl real estate, utilities, foundry. 2008 figures unrevised from 2007 but converted at current rate. 2006 revenue estimate from U.S. distributor, Toledo Press.