B4-KH-22-D Bundled tube heat exchanger A bundled tube heat ex Bevel-helical speed reduction gearbox B4

Flender/Flender Gear Units/Bevel-helical speed reduction gearbox B4

ut both by firms that have no heat treatment capability and by those whose needs temporarily exceed their capacity. Therefore, the capacity utilization rates of the other operations are more indicative of the capacity utilization of the industry as whole. The number of shifts varied among .. gear producers serving different gear markets. Vehicle gear producers, particularly for automotive, truck, and bus customers, indicate that they have generally been running two shifts. Other producers, however, indicate that they have been operating only one shift. Specific data on the number of shifts employed are not available. Profitability and Capital Investment Financial data on the profitability of most gear producers are not publicly available because many producers are subsidiaries of companies producing other products or are privately held. However, data from Commission questionnaires indicated that the level of operating profits generated by these companies was comparable with that of several similar industries and lower than that of many industries. Profitability data, as measured by the operating margin, for these industries for the period 1-8 are presented in table 4-9. The upward trend in operating margins of some of these industries is attributable, in part, to the general improvement in the economy, especially in the automotive sector, during 1-8. The financial performance of gear-producing companies improved during 1-8 as is shown in table 4-1. Net sales rose slightly faster than related production and operating costs. Although the percentage increase in operating income was nearly twice that of sales and expenses during 1-8, net income before taxes rose only 1.4 percent. This was result of more than tripling of other expenses not directly related to normal production operations. These expenses include interest expense, plant closing losses, and writeoffs of assets. 4-1 Table 4-9 Operating margins for selected Indu