Cincinnati Grinding Technologies - a company within the KMT Group - receives major order

Cincinnati Grinding Technologies - a company within the KMT Group - receives major order The American service company Cincinnati Grinding Technologies (CGT), which was recently acquired by KMT, has received a major order. The order is from a major US sub-supplier to the automotive industry and includes extensive renovations a total of five machines. The order is valued at USD 0.9 M, corresponding to about 50 percent of CGT's total sales for the preceding year, which amounted to some USD 2 M. "This order shows the potential that CGT has in the US market and confirms the growth opportunities for the company," says Johan Westberg, president of Lidköping Machine Tools AB. For further information contact: Lars Bergström, CEO, Karolin Machine Tool AB Tel: 08-594 211 50 or via e-mail: lars.bergstrom@kmt.se Johan Westberg, President, Lidköping Machine Tools AB Tel: 0510 880 00 / 070 558 82 98 e-mail: johan.westberg@lidkoping.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/01/20040701BIT21260/wkr0001.pdf