Dynacast International Inc.s sales jumped in the second
quarter on improved conditions in Europe and continuing demand
optimistic that the worst of the European recession is over,"
president and chief executive officer Simon Newman said in a
conference call Aug. 26. "We see a number of opportunities in
new programs in Asia and North America and Im excited
about the prospects for business in the next couple of
Dynacast, which makes metal die cast parts out of aluminum,
magnesium and zinc alloys, posted net income of $400,000 for
the three months ended June 30, down 42.9 percent from $700,000
in the same period last year despite an 11.5-percent increase
in sales to $143.1 million.
North American sales
of $39.4 million accounted for 27.5 percent of Dynacasts
total sales in the second quarter, up 16.2 percent from $33.9
million (a 26.4-percent share) a year earlier.
Sales increased at its
Lake Forest, Calif., and Mexico City facilities due to
increased demand in the automotive safety and consumer
electronics markets, offset slightly by softer sales in the
health care market, executive vice president and chief
financial officer Adrian Murphy said during the conference
There are a number of
product expansions under way in North America which will
improve sales results in the future, Newman said. Dynacast will
begin metal-injection molding (MIM) output in the fourth
amm.com, Feb. 12), and the company has already
received MIM orders and expects the new product will add $4.5
million in annual revenue, he said.