MIRcolor
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Indústrias Romi S.A. Country: Brazil
Av. Pérola Byington 56, Santa Bárbara d"Oeste, S.P., 13453 900 Brazil. Phone 55-19-3455-9800.
www.romi.com.br www.romiusa.com Brands: Romi
Listed: Bovespa Brazilian stock exchange Novo Mercado section. Symbol: ROMI3
Turning machines, machining centers, precision boring equipment. Also produces plastics machines, castings. Founded 1930; third generation runs firm. Industrial complex in southern Brazil has nine plants with 140,000 sq. meters. Dominates Brazilian machine-tool market w/40% share (equal to all imports combined); marketing organizations in U.S., Germany, Argentina; sales reps in 20 countries. Exports to 37 countries.
Values in Millions
Fiscal Year Ended Dec. 2009 Change Dec. 2008 Change Dec. 2007
Net Revenue, R$ (Braziln. Reals) 475.4 -32% 696.1 10% 632.0
M-T Revenue, R$ 310.7 -29% 439.9 6% 416.8
Net Profit (Loss), R$ 12.8 -89% 113.8 4% 109.0
U.S. $ Conversion Factor 0.50827 0.55716 0.51630
Net Revenue, U.S. $ 241.6 -38% 387.9 19% 326.3
M-T Revenue, U.S. $ 157.9 -36% 245.1 14% 215.2
Net Profit (Loss), U.S. $ 6.5 -90% 63.4 13% 56.3
Financial Notes:
Makes offer Feb. 2010 to acquire all shares of American builder Hardinge.  Acquisition in 2008 of Italian plastics-machine producer Sandretto for 5.5-million euros. Plastics machines are 25% of revenue; casting products are 9%.
see:  Hardinge