DIAS Holding, Inc. (DSHL.OB) Sees Recovery in Revenues as Chinese Auto Market Experiences Growth
DIAS Holding Inc. services the multi-billion dollar industry of providing automotive, trucking, railway and petroleum industries with raw, finished and assembled components. One of the company's major subsidiaries is Asia Forging Supply Company which manages outsourced procurement of finished and semi-finished components and sub-assemblies from China and elsewhere in Asia. The company said today it expects to see an “inevitable recovery” in its world market revenues to near “pre-automotive market crash levels” as its last quarterly report has demonstrated a quarter on quarter improvement in total sales. DIAS Holding's sales topped $14.4 million in 2008 before turmoil in the world…