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Chemical & Mining Co. of Chile Inc. Message Board

  • dbergh1 dbergh1 Aug 8, 2008 5:39 PM Flag

    Earnings thought Lithium / Plus AG

    Did you notice that the producers of lithium are upping their capacity SQM by 10% or Building New Plants or Expanding existing Plants.

    We know the AG is Good, And it Looks like Lithium is Too

    Sony to expand monthly lithium ion battery production capacity from 41 million cells to 74 million cells by 2010

    Panasonic to Build Lithium-ion Battery Plant in Osaka

    Mitsubishi to build new battery plant
    7 Aug, 2008,

    In addition to maintaining strong net revenues, we raised our selling price and continued to cut costs. This resulted in an increase of $3.3 million in our gross profit, from $5.1 million in the third quarter of fiscal year 2007 to $8.4 million in the third quarter of fiscal year 2008, and a net loss for the quarter ended June 30, 2008, of $2.3 million, as compared to a net loss of $2.7 million for the same period in fiscal year 2007, due to a higher selling price and cost-cutting efforts, which minimized the impact of the higher cost of raw materials.
    In the near-term, we anticipate that we will continue to experience pressure due to increased costs, including the costs of raw materials and overhead, as well as the costs of additional anticipated capital improvements as we transition from predominantly a replacement market to global first tier OEM capabilities. In response to this challenge, while we believe that we remain among the low cost manufacturers in the industry, we are seeking to reduce the purchase costs of raw materials and other unit costs of production while pursuing opportunities to raise selling prices where it would benefit our financial results. In addition, we are seeking to identify alternative raw materials suppliers to the extent there are viable alternatives and to expand our use of alternative raw materials. Among other things, we have successfully developed the technology to use substitute materials to reduce the amount of lithium cobalt dioxide used in the manufacture of lithium-based cells. Lithium cobalt dioxide is the most expensive ingredient currently required to make lithium-based cells because cobalt is not renewable. We have also restructured our operations in an effort to streamline corporate resources and improve internal efficiency, with a particular focus on manufacturing and sales

    Form 10-Q for ULTRALIFE CORP

    Rechargeable product revenues increased $1,138, or 11%, from $10,090 to $11,228, mainly due to higher sales of lithium-ion battery packs

    Advanced Battery Technologies to Raise $12 Million in Private Placement
    Friday August 8, 8:00 am ET

    Proceeds from the financing will be used primarily for funding expansion of assembly lines and other general corporate purposes, including working capital and possible acquisitions.

24.00-0.88(-3.54%)Jun 24 4:02 PMEDT