Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Ingersoll-Rand PLC    IR   IE00B6330302

News SummaryMost relevantAll newsSector newsTweets 

Ingersoll-Rand Expects India Revenue To Grow 15%-20% Annually

share with twitter share with LinkedIn share with facebook
share via e-mail
04/11/2012 | 12:55pm CEST

Ingersoll-Rand PLC (>> Ingersoll-Rand PLC) expects its Indian unit's revenue to grow 15%-20% annually over the next several years, driven by the introduction of its consumer air-conditioning brand Trane and rising demand for its industrial products, Chairman Michael Lamach said Wednesday.

In 2011, Ingersoll-Rand India Ltd. (500210.BY) posted revenue of $250 million.

The Ireland-based company that sells brands such as the American Standard, Thermo King and Schlage gets two-thirds of its revenues from the U.S. and about 12% from India.

In an analyst conference on March 12, Lamach said 40% of the company's businesses had yet to rebound from the severe declines that occurred during the U.S. economic recession. Many of these businesses are dependent on residential and commercial construction, which is recovering slower than other business sectors in the U.S.

At a press conference Wednesday, Lamach said in 2011, around two-thirds of Ingersoll-Rand's revenue growth came in from emerging economies such as China, India and South American countries.

Its global revenue increased 6% to $14.8 billion in 2011.

He said the company's strategy is to localize manufacturing in emerging economies to lower costs and keep product prices competitive.

In India, Lamach said the company had announced a $100 million investment three years back. "We are continuing that investment program. Once all of it is invested, we will suss out what to do next."

Ingersoll-Rand India Chairman Venkatesh Valluri said the company is investing $22 million in building the first phase of a plant in the southern city of Chennai. "The plant will be ready (for operations) in 2013."

-By Prasenjit Bhattacharya, Dow Jones Newswires; 91-11-4356-3358; [email protected]

Stocks mentioned in the article : Ingersoll-Rand PLC
share with twitter share with LinkedIn share with facebook
share via e-mail
04/26 INGERSOLL RAND : Finance Vice President Honored for Accomplishments in the Manuf..
04/26 INGERSOLL RAND : Management's Discussion and Analysis of Financial Condition and..
04/26 INGERSOLL-RAND PLC (NYSE : IR) reported earnings of $0.57 per share beating Wall..
04/26 INGERSOLL RAND : beats Street 1Q forecasts
04/26 INGERSOLL RAND : Reports Strong First-Quarter 2017 Results
04/25 INGERSOLL RAND : New Ingersoll Rand Next Generation R-Series 200-250kW Rotary Sc..
04/21 INGERSOLL RAND : Ranks on Corporate Responsibility Magazine 100 Best Corporate C..
04/13 In win for Boeing and GE, Trump says he wants to revive export bank
04/10 INGERSOLL RAND : Club Car Masters the Art of the Selfie
04/05 INGERSOLL RAND : Declares Quarterly Dividend
More news
Sector news : Industrial Machinery & Equipment - NEC
04/27 European shares fall as ECB stands pat, banks drop
04/27 WEIR : first quarter orders rise as drilling activity picks up
04/20DJATLAS COPCO : Takes Full Control of Taiwanese Exhaust Management Business
04/18DJW W GRAINGER : Grainger Bets on Discounts at Expense of Profit -- Market Talk
03/03 Exclusive - Japan's Toshiba prepares $2 billion sale of Landis+Gyr - sources
More sector news : Industrial Machinery & Equipment - NEC
News from SeekingAlpha
04/26 Ingersoll-Rand Plc (IR) Q1 2017 Results - Earnings Call Transcript
04/26 Ingersoll-Rand plc 2017 Q1 - Results - Earnings Call Slides
04/26 Ingersoll-Rand beats by $0.04, beats on revenue
04/25 Notable earnings before Wednesday?s open
04/24 AMERISOURCEBERGEN : Total Return With Growing Dividend
Financials ($)
Sales 2017 13 837 M
EBIT 2017 1 725 M
Net income 2017 1 128 M
Debt 2017 2 057 M
Yield 2017 1,82%
P/E ratio 2017 20,33
P/E ratio 2018 17,85
EV / Sales 2017 1,79x
EV / Sales 2018 1,71x
Capitalization 22 746 M
More Financials
Duration : Period :
Ingersoll-Rand PLC Technical Analysis Chart | IR | IE00B6330302 | 4-Traders
Full-screen chart
Technical analysis trends INGERSOLL-RAND PLC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 87,6 $
Spread / Average Target -1,2%
Consensus details
EPS Revisions
More Estimates Revisions
Michael W. Lamach Chairman, President & Chief Executive Officer
Keith Sultana Senior Vice President-Global Operations
Susan K. Carter Chief Financial Officer & Senior Vice President
Paul A. Camuti Chief Technology Officer & Senior VP-Innovation
Stephen Hagood Chief Information Officer & Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ATLAS COPCO AB18.23%45 293
FANUC CORP14.93%42 673
STANLEY BLACK & DECKER..18.85%20 852
More Results