MCFE will continue to function as regional headquarters of MHI's forklift truck business in Europe and also continue handling of regional business management, marketing, sales and servicing.
Rocla, a manufacturer of electric warehouse trucks, which was established in 1942, was acquired by MCFE in 2008.
MCFA) in Houston, Texas; MCFE in Almere, the Netherlands; Mitsubishi Heavy Industries Forklift (Dalian) Co.
Commodity price increases over the past year for both oil and natural gas resulted in year over year and sequential increases in production taxes, both on a per MCFE basis and in absolute dollars.
49 per MCFE for the quarter, compared to a guidance range of $0.
77 per MCFE recognized in the comparable quarter a year ago.
49 per MCFE in the second quarter of 2009, which was well below the Company's guidance range of $2.
23 per MCFE
in the first quarter of 2009, which was well above the Company's guidance range of $2.
For 4Q07, the 108% increase in oil and natural gas sales was due to a 93% increase in production of oil and natural gas in addition to an increase in the average MCFE sales price of 7%.
For the twelve months 2007, the 113% increase in oil and natural gas sales was due to a 102% increase in oil and natural gas production in addition to an increase in the average MCFE sales price of 5%.