Mitsubishi Heavy 1H Grp Net Loss Y3.10B Vs Y29.03B Pft Yr Earlier

Mitsubishi Heavy Industries Ltd. (7011.TO)
Tokyo
1st Half Ended September 30
GROUP 2009 2008
Revenue Y1.32 tln Y1.57 tln
Operating Profit 25.11 bln 72.72 bln
Pretax Profit 2.65 bln 75.50 bln
Net Profit (3.10) bln 29.03 bln
Per share
Earnings (0.92) 8.65
Figures in parentheses are losses.
Results are based on Japanese accounting standards.




Mitsubishi Heavy Industries Ltd. also released the following forecasts:
GROUP Year Ending
Mar 2010
Revenue Y3.00 tln
Operating Profit 65.00 bln
Pretax Profit 20.00 bln
Net Profit 12.00 bln
Per share
Earnings 3.58
Results are based on Japanese accounting standards.






TOKYO (Dow Jones)--Mitsubishi Heavy Industries Ltd. (7011.TO) said Friday that it swung into the red in the first half as cautious corporate sentiment for increasing capital spending dented sales of its machinery products as the yen's appreciation reduced income from overseas markets.

The Tokyo-based heavy machinery maker posted a net loss of Y3.10 billion in the six months ended Sept. 30, a reversal from a net profit of Y29.03 billion in the same period a year earlier.

Sales fell 16% to Y1.322 trillion in the first half from Y1.575 trillion a year earlier.

For the current fiscal year through March, Mitsubishi Heavy left unchanged its forecast, projecting a net profit of Y12 billion on sales of Y3.000 trillion.

Mitsubishi Heavy reports its earnings under Japanese accounting standards.
http://online.wsj.com/article/BT-CO-20091030-700481.html

Mitsubishi Heavy Expects 1st Half Group Net Loss Y3.1 Billion

TOKYO -(Dow Jones)- Mitsubishi Heavy Industries Ltd. (7011.TO) said Friday it now estimates a net loss Y3.1 billion for the first half ended Sept. 30, citing a slump in sales of some industrial machinery products and the yen's strength.
The Japanese shipbuilder and heavy-machinery maker blamed declines in sales of the industrial machinery category, which includes forklift and machine tools, amid flagging demand. Sales of the other segments, generators and shipbuilding also remained weak. It also noted that he yen's strength hurt profitability during the latest reporting period.
The projected interim net loss compares with a net profit of Y29.0 billion in the same period a year earlier.
The company also expects a 16% on-year fall in sales to Y1.322 trillion with a 66% decline in operating profit to Y25.1 billion.
The company will give outlook for full year earnings when it releases interim results Oct. 30.
-By Hiroyuki Kachi, Dow Jones Newswires; 813-6895-7562; Hiroyuki.Kachi@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=ZB8C9jZ9uAK8axaKl9M%2FEA%3D%3D. You can use this link on the day this article is published and the following day.
http://www.easybourse.com/bourse/actualite/mitsubishi-heavy-expects-1st-half-group-net-loss-y-1-749731

Heavy Machinery

World of Wonder's MACHINES OF MALICE: THE INQUISITION premieres tonight at 10PM Eastern on the Discovery Channel. Put yourself in the hot seat as this episode tests out torturous atrocities like "The Interrogation Chair," above left. GETTING A LITTLE OUT-OF-JOINT: Find out how Inquisitors turned everyday objects into horrific devices to "help" the accused see the error of their ways... and thoughts, above right.
HARD TO STOMACH: Machines of Malice tests exotic torture devices like the "Revolving Drum," below left, a contraption supposed to grind away at the accused during questioning. A SLICE OF HUMAN HISTORY: Find out how religious zealots engineered fear and terror so entire populations would conform to their specific beliefs. Below right, the "Skin Peeler. (Text and photos by Nick Perlmuter)

http://worldofwonder.net/2009/09/28/Heavy_Machinery/

Sector Snap: Heavy machinery makers slipping

Shares of heavy machinery makers slipped Wednesday after a government report disclosed that orders for nonmilitary, non-aerospace goods fell last month.

The Commerce Department said that while the overall level of order for durable goods - items expected to last at least three years - rose in July, orders for products like tractors, construction equipment and diesel engines declined 0.3 percent.

Cliff Waldman, economist for the Manufacturers Alliance/MAPI, called the government report disappointing.

"New orders for non-defense capital goods, excluding aircraft, a proxy for business equipment spending, slipped a bit after two strong months and remains more than 20 percent below year-ago levels," he added.

"U.S. and global activity has stabilized and financial conditions have improved modestly," Waldman said. "But business decision makers are going to have to see firmer and more consistent evidence of a return to the type of economic conditions that will produce solid profits before they are willing to more consistently strengthen their investment commitments and add capacity."

Paul Ashworth, U.S. senior economist for Canada-based Capital Economics Ltd., said the data "is a little concerning as far as the outlook for business investment goes."

In morning trading, shares of Deere & Co. fell $1.32, or 2.8 percent, to $44.99, Joy Global Inc. declined $1.20, or 3 percent, to $39.26 and Cummins Inc. slipped $1.95, or 4.1 percent, to $46.05.

http://www.forbes.com/feeds/ap/2009/08/26/business-specialized-consumer-services-us-heavy-machinery-makers-sector-snap_6817614.html

Heavy Equipment Training

Heavy equipments can cause much damage if they are not handled with care and caution. That is why trained people are needed to work with those machines. In the infrastructure industry there are good opportunities for such trained people who are capable of handling such heavy machinery in the right way.

Since infrastructure is an ever growing industry, there is bound to be great prospect for such trained workers. This need has been the key reason for a number of heavy equipment training schools in many places. But for good credentials one has to join in the best training school to excel in the construction industry.

The most basic things one needs to know when operating heavy equipments is: the right way of handling the machines, the different variety of machines and how to handle risks and how to avoid mistakes. These are the aspects students should be educated with. They need to be trained on how to handle a range of heavy machines.

Many such schools offer full time and part time courses, as suitable for the enrolling students. Full time is apt for younger students who are learning from scratch. Part time courses are best suited for working men, who want to acquire additional skills and enhance their current abilities
http://www.internetagentur-berlin.net/2009/08/heavy-equipment-training.html

Levelling sets handle heavy machines

The GN350 series are ideal for permanent levelling of machine tools, production line machinery, process equipment or gravity transport systems where very accurate degrees of slope may be required.

Accurate levelling of equipment and heavy machinery is facilitated by a new range of levelling sets from Elesa.

With individual load ratings from 4000 to 49,500kg static load, the GN350 series are ideal for permanent levelling of machine tools, production line machinery, process equipment or gravity transport systems where very accurate degrees of slope may be required.

Normally used in a configuration of three or more per equipment piece, the static load capacity created is sufficient to deal with even very large machinery.

The GN350 levelling sets are available in sizes from 25 to 80mm diameter, and are generally used in conjunction with spherical levelling washers, which take up angular differences in ground or equipment faces to ensure stress free positioning.

Each GN350 set comprises a threaded upper sleeve with a fine thread, which allows a stepless and precise setting and locking using a standard C spanner.

Normally, this screw is permanently and securely locked by the static load generated when the mounting screw is tightened - however if this is not considered sufficient then suitable locknuts are available.

http://www.engineeringtalk.com/news/elc/elc193.html

Armory getting concrete parking for heavy machinery

Heavy machinery such as construction equipment and tanks are coming to the Keokuk National Guard Armory when a $323,000 project is completed around Labor Day.

A 70-by-85-foot section of the parking area behind the armory is getting an eight-inch concrete surface to handle the heavy machinery, according to Curtis Grant, project manager for First Construction Group, Inc. of Burlington, the general contractor. Another 100-by-40-foot portion of the parking lot will have a rock surface.

In addition, a 30-foot-long, 28-foot-wide concrete ramp is being built to load and unload the heavy machinery, Grant said.

The machinery is stored now at the National Guard Armory in Mount Pleasant, which also is scheduled to get a parking lot upgrade. No bids have been let yet on the Mount Pleasant project. Once the Keokuk armory project is finished, the National Guard will be able to store heavy machinery at each location, Grant pointed out.

A trench drain also is being installed near the metal maintenance vehicle storage building behind the Keokuk armory to handle water coming off the building’s roof and the improved parking lot.

Five trees were removed during the work in Keokuk, and they will be replaced with five new blue spruce trees or some other variety, Grant said.
The Keokuk armory’s parking lot will be enclosed with fencing with barbed wire on top for greater security. Light poles also will be installed.

First Construction Group, Inc. was the general contractor for the construction of the nearby Keokuk Aquatic Center.
http://www.dailygate.com/articles/2009/07/02/news/doc4a4cde77c663b811681197.txt