BelvacBelgische Vacuüm Vereniging (Belgian Vacuum Union)
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Belvac reports that the HT Series also provides quick changeover capability in a variety of container heights, diameters and shapes.
Belvac management also expects to go live on IFS Applications at its facilities in the United Kingdom and the Czech Republic later this month.
Belvac had a slow start in 2002, operating in depressed capital equipment markets, but order intake improved in the second half of the year, leaving a strong year-end backlog.
Employment levels at Belvac are down almost 40% from last year and 69% from the high point during the 1994-1996 can-necker boom.
Belvac was profitable in the quarter, after losses for the prior nine months.
Both A-C Compressor and Belvac Production Machinery had sharply lower earnings than last year ($6 million in total) due to poor bookings last year at A-C and this year at Belvac.
Two new rotary trimmers from Belvac Production Machinery, Lynchburg, Va.
As in the previous four quarters, the source of the decline was the changed market circumstances at its Belvac company which earned $8.
The new TC2000 Rotary Trimming and Curling unit from Belvac Production Machinery Inc.
The sole decline at Dover Diversified -- reflected the previously forecast adverse comparison at its Belvac company.
Profits in the Diversified segment dropped 5% from last year as the expected decline at Belvac ($7 million) offset much stronger performances at several other companies.
Belvac (can making equipment) had another record year as did Tranter (heat exchangers).