czwartek, 7 sierpnia 2014

Harman to spend on new factories, profit forecast lags Street

CEO of Harman International Industries Paliwal poses during Reuters interview during opening day of IFA consumer electronics fair in Berlin Harman International Industries Inc, maker of JBL and Harman Kardon audio systems, forecast full-year profit below market estimates as it spends more to boost production in lower-cost countries. Harman International, which counts Volkswagen AG , BMW AG and Toyota Motor Corp among customers, said it would add four production lines in the year ending June 2015. "We are going to be investing in a new factory in Brazil (and) India, and we will (be) expanding our production in Hungary and China," Chief Executive Dinesh Paliwal told Reuters.








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