Sep 14th 2011 - Edison Investment Research today published a report on Avingtrans (AVG.L, LSE:AVG, LON:AVG) entitled "Benefits Of A Global View". In summary, the report says:
Avingtrans’ results demonstrate the clear benefits of the global strategy both in terms of target markets, global customers and manufacturing approach. With the group having emerged from the difficulties during the recession in a much stronger position, we feel the results vindicate the belief that OEMs are searching for strategic partners who can support them on a global stage. With many customers shared across divisions, Avingtrans has shown itself to be an increasingly important part of that supply base, in our view. While we are not complacent regarding the potential economic challenges that lie ahead, and hence are easing our forecasts to reflect the potentially slowing environment, the group appears well placed for the future.
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