ANSONIA, Conn. (Aug. 15)—Rubber and plastics machinery maker Farrel Corp. was $467,000 in the red in the second quarter, as sales fell 25.6 percent to $9.18 million, but the firm said its order backlog was up 15 percent based on new business from North American customers. The loss compares with a loss of $573,000 a year ago. For the first half of fiscal 2002, Farrel was $1.23 million in the red on sales of $17 million; a year ago the firm lost $1.18 million on sales of $23.4 million. Among Farrel´s products are the Banbury and Intermix internal mixers.
Farrel still in the red, but orders on the rise
Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].