Milacron Inc. booked about $25 million in machinery orders at K 2007, the company's top executive announced in a third-quarter conference call.
Company officials also painted Milacron as becoming more global and expanding in fast-growing, emerging markets.
The ``vast majority'' of Milacron's K show business came from outside North America, said Ronald Brown, chairman, president and chief executive officer. Brown said most of the machines will be shipped in 2008.
Milacron lost $15.5 million through the first nine months of 2007, about half the amount it lost in that same period in 2006. The last year the Cincinnati-based company made a profit was 2000.
Milacron is ``approaching break-even in a highly challenging market,'' Brown said in the Nov. 6 call. ``We will be taking further action to return to profitability.''
Brown did not give any details about that action, except to mention two previously announced closings of D-M-E mold-parts plants, which will cut about 100 jobs. He said officials should have more details by the next call with analysts, to discuss fourth-quarter and year-end numbers.
The biggest problem continues to be the key North American injection press market, which Brown termed ``depressed,'' adding, ``We do not see any strong indicators of a rebound anytime soon.'' To date, the overall market is down 17 percent from 2006 levels.
Milacron's machinery sales also fell in North America, because of the ongoing consolidation of U.S. automotive molders and a ``glut'' of used machinery.
Outside North America, the picture is much brighter, Brown said. Sales of injection presses in India, where Milacron has a factory, remain at record-high levels.
``We're going to grow our [India] business in a double-digit basis,'' he said. Demand also continues to grow in Western Europe for injection molding machines.
Ross Anderson, chief financial officer, said Milacron's extrusion business is growing, with sales coming from several regions in the world, despite concerns about the U.S. construction market caused by the mortgage crisis.
Anderson said Milacron narrowed its third-quarter loss by containing costs. The company has improved its margins steadily each quarter this year, he said.
Brown said Milacron this year is generating about 23 percent of its business from outside the U.S., Canada and Western Europe. Emerging markets will account for about a third of overall sales.