Product category:
Manufacturing orders, contracts, financial reports
News Release from: Kasto
Edited by the Manufacturingtalk Editorial
Team on 12 January 2005
Sawing machine sales see threefold
increase
A threefold increase in order intake to GBP 2 million in 2004 compared with the previous year is reported by Kasto, part of the German sawing machine manufacturer, Kasto Maschinenbau.
A threefold increase in order intake to GBP 2 million in 2004 compared with the previous year is reported by Kasto, part of the German sawing machine and storage system manufacturer, Kasto Maschinenbau Ernst Wagner, managing director of the Southampton, UK, subsidiary, says that increased metal prices have resulted in a windfall for steel and alloy stockholders, which have been wisely investing some of the money in the latest cutting technology
This article was originally published on Manufacturingtalk on 14 Jul 2000 at 8.00am (UK)
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As a result, this sector accounted for 90 per cent of Kastos turnover compared with 70 per cent in an average year, the remaining customers being in manufacturing.
Wagner also puts his companys recent success partly down to the reputation of the Kasto brand combined with a renaming of the UK subsidiary earlier this year, when the remainder of the shares in the former Rivers Machinery were purchased by the German parent.
Its products accounted for over 80 per cent of equipment orders in the UK during 2004, of which a majority was bandsaws and circular saws, while a tenth was in automated storage and retrieval systems for bar, tube and other long material.
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The latter area was boosted further by the sale of a sheet metal store manufactured by Kastos associate company, Stopa.
Business in aluminium sawing and crimping was also buoyant on the back of GBP 250,000 sales of equipment from FOM, Italy, under a sole agency agreement.
The start of 2005 looks encouraging, with a GBP 400,000 order book for machines due for delivery in the first quarter.
There are plans to increase staff by three at the start of the year, partly to meet the higher demand for service contracts, an area of the business that accounts for substantial additional turnover for the UK firm.
Said Wagner: "I expect the level of business to plateau in 2005 after the large raw material price rises, although there are some signs that demand for high-volume cutting may continue.
"We will also be looking to increase sales in the manufacturing sector, which has been hard hit in recent years.
Stockholders in the UK have always been more proactive in acquiring the latest sawing technology, whereas manufacturers are often content to let it remain a 'Cinderella' function in a corner of the shop floor.
We are keen to show them the benefits of feeding billets more efficiently to their machine tools by utilising our automated sawing machinery and the integration of bar storage systems".
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