States will vote at Yongxing Island wind power desalination facilities will be built(2009-03-19) Wind power equipment manufacturers, such as new energy industry will become the pillar industry in(2009-03-09) The United States wind power and other new energy future look(2009-03-09) One wind turbine manufacturing prosperity, but hidden behind the new problems.(2009-02-20) Inner Mongolia, the rapid development of wind power industry has six major characteristics of the ov(2009-02-15) Inner Mongolia Wind Power top the first county(2009-02-12) South Africa will be developed in cooperation with the Danish wind power project(2009-02-12) Ministry of Commerce of grave concern to China, India trade remedy investigations initiated frequent(2009-02-12) China drive shaft leading enterprises will invest 500 million in Changchun to build a production bas(2009-02-12) Job Vacancy From Main Line Bearing Company In Pakistan(2009-01-21) China's wind energy use to attract multinational companies to participate actively in(2009-01-18) Wind and solar energy utilization and development(2009-01-13) China is the world's largest wind power into the market(2009-01-04) Schaeffler (China) President Visited Qilin Company(2008-12-22) ZWZ Testing Center Passed Retrial of CNAS(2008-12-15) Job Vacancy in China from Boca Bearing Company(2008-12-10) Leeport Becomes Sole Agent of Safan in China(2008-12-05) The 9th CILOGRTE Held in Shanghai(2008-11-29) Energy will be pushing small and medium-sized wind power project(2008-11-20) The wind farm in Guanacaste will receive additional investment(2008-11-10)Shenyang Machine Tool (Group) Co, Ltd, one of the China largest machine tool manufacturers, recorded a loss of RMB 1,121 million during July to
September, with a year-on-year fall of 152.29%, according to the company's latest financial report.
The company also forecasts a loss of more than RMB 36 million for the fourth quarter (from October to December), which means that 2008 will become the first annual loss year in its history.
As reported by the local media, a spokesman of the company analyzed that there are several reasons resulted by the loss, including the depressing
demand of lathes in domestic market, the surging cost of raw materials and manpower, coupled with the re-organization of the company.