CINCINNATI (Aug. 11, 6 p.m. EDT) — Milacron Inc. generated about $30 million in orders at NPE 2006, and spent $3.2 million for exhibiting at the weeklong Chicago trade show in June.
The numbers are included in the Cincinnati-based machinery maker's second-quarter financial report, released Aug. 3.
At NPE 2006, Milacron displayed 10 plastic processing machines at its 24,748-square-foot booth, as well as focusing on its mold components and hot runners, machinery rebuilding and aftermarket parts and service.
Most of the $30 million in business from NPE will be booked in the third quarter, Milacron said. The company said that, in many cases, customers delayed buying decisions until the show, held June 19-23. That resulted in second-quarter new orders declining 6.5 percent, to $200 million, down from $211 million in the second quarter of 2005.
Milacron officials expect solid year-over-year growth in the third quarter, again because of the NPE effect.
At the previous NPE, in 2003, Milacron booked orders for $26 million. Milacron took a dramatic step at NPE 2003 by not displaying any machinery in its booth. The firm generated a record $50 million in orders at NPE 2000.
Milacron generated second-quarter sales of $211 million, up 1 percent from $209 million in the year-earlier period. The company lost $14.3 million in the second quarter, which included $8.8 million in restructuring charges, plus the $3.2 million spent on NPE 2006.
Milacron also announced it will contribute about $30 million to its pension fund in September. The company will raise the prepayment money by liquidating investments for nonqualified retirement plans for executives, and by selling noncore, nonoperating assets such as land, facilities and equipment not needed because of consolidations under its restructuring.