Document jyBvKd6J1q89qb1eY1eqJ8dp5

- Wc have been able * meet our very agjiresWecwl-rcJuviiou targets primarily through iycc empowerment and teamwork. 't'rc working with our suppliers to achieve e,.o i.I:k iioio in ilieir operations, and've re ftndtUK licit paiinersltips with our customers fesull in iniportani cost-savings and other Its for us and for our customers. 1/ about your other vehicle businesses.' 'Our businesses have hcncfilcd particularly iioiii die 'lull in consumer preference to light i, vans and sport utility vehicles, which now account for 40 percent of the total market. This has boosted demand for several liaton products, including leaf springs, plastic fans and vis- OOttl fan clutches, and locking and limitedllip differentials. The plaslic Ian and fan ihroud business we bought in 1991 has been llent compleinent to our viscous l;m limes, .mil this combination i' bcuinnme to produce additional sales. Sales of our limitedslip and locking differentials base been exceptional. and we re planning to .iilil circuit breakers acquired in the Heinemann acquisition in 1992. was especially strong. In contrast, the aerospace markets contracted steadily in 1993. in both military and commercial aircraft. We have maintained profitability by restructuring. We closed three plants and consolidated our manufacturing operations and sales force. The market for our Navy controls has also contracted over the last two years, bui we have aggressively resized the business for profitability at lower demand levels. Q. You mentioned earlier that the market for semiconductor equipment exceeded expecta tions. What's the outlook for 1994? a. We entered 1994 with record backlogs and an enhanced product line. In 1993. our North American. European and Far Eastern opera tions all had excellent years. The NV-GSD high-current implanter and our new NV-GSE high-energy implanter both employ advanced technology that is vital to semiconductor manufacturers. The NV8200 medium-current implanter enjoyed a strong reception when it was introduced in 1993. We've upgraded and expanded both our lest and demonstration labs at all three of our development sites. . 70,1 ^a,on s DS4Q4 tandem axle weighs nearly 100 pounds less than competing models. bottom; NV-8200P "tedium current ion implanters offer a multiple tilt and twist wafer-handling svstem for both 6- and 8-inch wafers. ---------------- r -- -- " ..................... - -- .........