Blanks producer Shiloh logs gain in fiscal ’12

Dec 27, 2012 | 03:53 PM | Corinna Petry

Tags  Shiloh Industries, Ramzi Hermiz, sales, profits, automotive steel blanks, General Motors, Chrysler, Ford light vehicle production

CHICAGO — Automotive steel blanks manufacturer Shiloh Industries Inc. reported strong gains in quarterly and annual profits as the light vehicle sector continued to rebound.

The Valley City, Ohio-based company reported net income of $13.5 million in its fiscal year ended Oct. 31, a 72.4-percent improvement over $7.8 million in fiscal 2011. At the same time, its sales rose 13.2 percent to nearly $586.1 million from $517.7 million the previous fiscal year.....

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