Miscellaneous

And the buying of new machinery meant not only the possibility of production, but even the new technology, 'cos as read more

And the buying of new machinery meant not only the possibility of production, but even the new technology, 'cos as I mentioned before, we were back of seven, eight years.

I mean, what Fiat had it was not very big, it was something like forty or fifty million dollars, but read more

I mean, what Fiat had it was not very big, it was something like forty or fifty million dollars, but it's enough to get revolving credit, to get starting away again, the buying of new machinery.

Italy in the first years got food, for the first year or the first periods got food. Then we got read more

Italy in the first years got food, for the first year or the first periods got food. Then we got raw materials and then we got tool machines, let's say, instruments for working.

Now between '45 and '48, things would change enormously, 'cos we'd had credit in United States, credit from the Bank read more

Now between '45 and '48, things would change enormously, 'cos we'd had credit in United States, credit from the Bank of America, credit from the Import-Export Bank and people had started working again.

The factories were heavily bombed, but practically the construction work had been redone very quickly.

The factories were heavily bombed, but practically the construction work had been redone very quickly.

Well, Italy had been overrun by the War, there had practically been civil war, north and south of the Gothic read more

Well, Italy had been overrun by the War, there had practically been civil war, north and south of the Gothic Line, heavy bombing, the northern industrial cities had been bombed heavily and we had political disorder before 1948.

Well, the Communists at that moment were very strong in Italy and the Italian Communist Party was the biggest Communist read more

Well, the Communists at that moment were very strong in Italy and the Italian Communist Party was the biggest Communist Party outside Soviet Union, there's no doubt about that.

The business and industry environment during the quarter was generally favorable. Our sales results reflected stable trends across our product read more

The business and industry environment during the quarter was generally favorable. Our sales results reflected stable trends across our product lines and a modest ramp in demand for fluid handling equipment through the quarter and into December.

We expect increased demand in Japan and the Asia-Pacific region for our products and services in the near future.

We expect increased demand in Japan and the Asia-Pacific region for our products and services in the near future.

Our sales growth in the first quarter was driven by strong order momentum across our product lines.

Our sales growth in the first quarter was driven by strong order momentum across our product lines.