wedgewood china

feature a high percentage of replacement business that provides annuity-like revenue base with growth opportunities in niche areas (e.g., hotels, travel industry, microbreweries.) highest brand-name recognition in glass tableware with consumers in the china u.s.improvement in the profitability of recently acquired businesses by wedgewood investing in automation and leveraging the company''s distribution advantages and customer relationships. the investment opportunities due to improved utilization of existing sales and distribution resources and greater efficiency in manufacturing resulting from the company''s re-engineering initiatives. continuous product development that provides new glassware, ceramic dinnerware and metal flatware items in response to changing consumer preferences, creating new markets for the company''s products.

feature a high percentage of replacement business that provides annuity-like revenue base with growth opportunities in niche areas (e.g., hotels, travel industry, microbreweries.) highest brand-name recognition in glass tableware with consumers in the china u.s.improvement in the profitability of recently acquired businesses by wedgewood investing in automation and leveraging the company''s distribution advantages and customer relationships. the investment opportunities due to improved utilization of existing sales and distribution resources and greater efficiency in manufacturing resulting from the company''s re-engineering initiatives. continuous product development that provides new glassware, ceramic dinnerware and metal flatware items in response to changing consumer preferences, creating new markets for the company''s products.

the company announced 2002 targets for sales of$525 million and net income of $61 million, and ability to achieve an income from operations profit margin of 19%. these figures compare with 1999 results of $461 million in sales, $43.4 million in net income and an income from operations profit margin of 17.2%. in addition, the company is targeting additional sales of $200 china million by 2002 associated with new acquisitions. key to the plan are to:better allocate sales and production resources to key markets and customers to improve sales mix, and exiting marginal sales activity;achieve operational efficiencies and lower costs through higher capital spending wedgewood in new technologies, with capital spending expected to exceed inc. to pursue its growth agenda without decides to terminate effort to acquire , cites entrenchment attitude at despite 133% premium.