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Jier Machine Tool Group Co., Ltd. Country: China
    formerly Jinan #2 Machine Tool Group
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
estimated projected
Fiscal Year Ended Dec. 2006 Change Dec. 2004 Change Dec. 2003
Total Revenue, yuan renminbi na 1,000.0 550.0
M-T Revenue, yuan renminbi na 1,000.0 550.0
Net Profit (Loss), yuan renminbi na na na
U.S. $ Conversion Factor 0.12557 0.12100 0.12080
Total Revenue, U.S. $ 200.0 65% 121.0 82% 66.4
M-T Revenue, U.S. $ 200.0 65% 121.0 82% 66.4
Net Profit (Loss), U.S. $ na na na
Financial Notes:
State-owned, affiliated to Jinan municipal government. Employs 4,600 with 19 affiliated companies under Group, incl real estate, utilities, foundry. 2006 revenue estimate from U.S. distributor, Toledo Press. 2004 and 2003 revenue from press reports.