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News Release from: Ceratizit UK
Edited by the Manufacturingtalk Editorial
Team on 28 July 2006
Tooling and materials supplier sales are
up 26%
The Plansee Group, which comprises Ceratizit, Plansee High Performance Materials and the recently created PMG Group, has announced an increase in sales to EUR 857 million for 2005/2006.
Tooling and materials supplier records sales up 26% The Plansee Group, which comprises Ceratizit, Plansee High Performance Materials and the recently created PMG Group, has announced an increase in sales to EUR 857 million for 2005/2006 The Plansee Group, which comprises Ceratizit, Plansee High Performance Materials and the recently created PMG Group, has announced an increase in sales to EUR 857 million for 2005/2006
This article was originally published on Manufacturingtalk on 24 Jan 2006 at 8.00am (UK)
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This represents a 26% increase on the previous year and has allowed the Plansee group to commit record levels of investment capital to develop its manufacturing and research and development across the board.
While much of this growth has been through organic means, the creation of the PMG Group through the merger of Plansee's and Mitsubishi's sintered steel activities has created one of the world's leading suppliers of powder metallurgical products to the automotive industry.
The Group's consolidated headcount rose from 4,600 to 5,050.
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The merger of the Plansee and Mitsubishi Materials Corporation's powder metallurgical (PM) businesses took place on December 1, 2005, creating a group with a global presence with 11 manufacturing plants and 2400 employees with sales of sales of EUR 340 million last year.
Michael Schwarzkopf, chairman of the executive board, said: "Following the recent merger, all three divisions - Plansee High Performance Materials, Ceratizit and PMG - are now among the leading suppliers worldwide, and the first phase of our global market positioning strategy has been accomplished." Other factors in the Plansee Group's success are the Group's strengthening market position, the robust global economy and strong demand from China.
Despite significant rises in raw material and energy costs, all three divisions further strengthened their positions in major markets.
The proportion of sales accounted for by the Asian region rose from 18 to 23% and over 50% of all business was generated with customers in the automotive, engineering and electronics industries.
The Plansee Group remains committed to the continuous development of new products, with Schwarzkopf stating that products developed within the past five years account for 30% of the Group's total sales.
With a total of 62 companies (58 last year), the Plansee Group is active in the major economic regions of Asia, Europe and the Americas.
It increased its presence in the USA and Asia through the PMG merger, while Ceratizit strengthened its position in important emerging markets with the opening of sales offices in Eastern Europe and Latin America.
The strength of the Group's profits has allowed record capital expenditure of around EUR 150 million to take place, the majority of this directed to product and process development as well as measures to improve production capacity and operational excellence.
While the growth trend has continued in the first quarter of 2006/2007, Schwarzkopf played down expectations that the previous year's growth rate will continue.
"There are clear indications that the global economy is overheating, and that high raw material and energy prices are resulting in increased competition and substitution effects in the case of certain products.
In the face of this uncertain situation, we are focusing on our current strengths to ensure our future success,".
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