US Case reports 29% rise in European plant sales

US plant firm Case Corporation has made an operating profit in the fourth quarter of 1994 of $67 million (œ45 million), compared with $38 million (œ25 million) in the fourth quarter of 1993.

For the full year, operating profits were $315 million (œ210 million), compared to $83 million ((œ55 million) for 1993. Net sales for 1994 were $4.3 billion (œ2.85 billion), up 14% from 1993.

Sales of Case construction equipment in Europe during the fourth quarter were up 29% over the same period in 1993.

For the year, retail sales of Case units were up 32%, compared to an industry increase of 16%. Case claims its share of the European excavator market increased by more than 2% on the strength of its new excavator line, the 1188 series. The company plans to introduce several new machines in 1995.