Federal-Mogul reports strong 2010 results

March 1, 2011

Federal-Mogul Corporation, Southfield, Michigan, USA, has reported 2010 full year revenue of $6.2 billion, representing an increase of $889 million or 17% over 2009 figures. The company stated net income for 2010 was $161 million, a $206 million dollar improvement compared to full year 2009.

The company’s sales improved in all business segments and core markets for 2010 versus 2009. “The strong fourth quarter and full-year 2010 sales and financial performance demonstrate our ability to grow faster than the markets and convert incremental revenue into solid profitability,” said President and CEO Jose Maria Alapont. “The company continued to generate strong cash flow in 2010 which enabled Federal-Mogul to invest in sustainable global profitable growth initiatives to enhance our OE and aftermarket portfolio through internal development and acquisitions, while also funding pension obligations,” he explained.

Federal-Mogul Corporation is a global supplier of powertrain and safety technologies, serving original equipment manufacturers of automotive, light, medium and heavy-duty commercial, off-road, agricultural, marine, rail and industrial vehicles, as well as the worldwide aftermarket. Federal-Mogul uses Powder Metallurgy technology to manufacture a range of products including high-performance valve seats and guides for many of the world’s leading vehicle manufacturers. The company has dedicated PM technical centres in Coventry, UK, and Waupun, Wisconsin, USA.

www.federalmogul.com 

News | Articles | Market reviews | Search directory | Subscribe to e-newsletter

 

www.ipmd.net

Published on www.ipmd.net

News, articles and a fully searchable directory for the powder metallurgy industry

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Burgess-Norton and Amsted Automotive: How a legacy automotive supplier is growing with, not despite, electrification
  • Meeting sustainability demands in PM: High-temperature sintering of nickel- and copper-free powder mixtures for low alloyed PM parts
  • World PM2022: An overview of the status and trends in the global PM industry
  • A novel approach for the production of metal powders with tailored chemical compositions: Amazemet’s rePowder
  • Productivity, flexibility, reliability: SACMI’s new press technologies for the changing PM industry
  • Understanding the thermal properties of metal powders: Characterisation of powders using the Hot Disk technique
  • World PM2022: Views on the potential of Field Assisted Sintering for advanced materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link