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News Release from: Muller Weingarten
Edited by the Manufacturingtalk Editorial
Team on 10 January 2005
2005 power press demand expected to grow
In the first half of 2004, the German power press builder, Mueller Weingarten, recorded an order intake of EUR 216.9m - nearly double 2003's performance and expects more in 2005.
In the first half of 2004, the German power press builder, Mueller Weingarten recorded an order intake of EUR 216.9m - nearly double 2003s performance Order intake for the same period in 2003 amounted to EUR 111.1m
This article was originally published on Manufacturingtalk on 29 Dec 2004 at 8.00am (UK)
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Boosting 2004s performance were export successes in the Chinese market.
Overall order backlog reached EUR 488m, compared with EUR 415m in 2003.
For 2004 as a whole, the company expects order intake to continue to rise sharply to EUR 400m against EUR 344.1m in 2003.
The rise in orders is driven by demand for large mechanical presses while business in the medium-sized mechanical press market and the die-casting machine market looks good, said Mueller Weingarten.
The tool and die business also performed well.
As regards company strategy, its concept for optimising added-value structure (agreed in December 2003) is being implemented according to plan.
In addition to the transfer of production between the company sites, this concept has also positive developments in the automotive markets in China and Eastern Europe.
There the component supply industry is generating new sales opportunities.
As of mid-2004, Mueller Weingarten employed 2,397, against 2,456 in 2003.
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