Improving orders for PVA TePla helped by demand from the hardmetal industry
November 12, 2013
The PVA TePla Group has announced sales revenues of €46.5 million in the first nine months of 2013, down from €83.7 million in corresponding period of 2012. Despite the poor sales revenue for the period, incoming orders have been improving. A moderate recovery at the end of the second quarter continued in the third quarter of 2013 with overall incoming orders of €65.3 million being generated in the first nine months, up from €42.2 million in the previous year.
Incoming orders for the Industrial Systems division totalled €36.9 million in the first nine months of 2013 (previous year: €22.5 million). Orders were focused on high-vacuum brazing furnaces and hardmetal manufacturing furnaces for German and Chinese customers, stated the company. Incoming orders for plasma nitriding systems performed well with contracts for a number of systems in China and Europe.
“The Vacuum Systems business unit has seen a welcome increase in incoming orders that is due primarily to growing demand for systems for producing hardmetal, systems for brazing processes and plasma nitriding systems,” stated Dr Arno Knebelkamp, the Group’s Chief Executive Officer. “Increasing global demand for hardmetal appears to be stretching the high capacity of systems that have been available on the market for two years.”
“We have again seen increased demand for sinter systems, especially from China. In recent months, we have been working on a supplementary system concept for sinter furnaces, which we want to use to tap additional market segments,” added Dr Knebelkamp.