Plansee Group achieves best ever figures, look to sell PMG
July 18, 2011
The Plansee Group, headquartered in Reutte, Austria, has reported record sales of €1.24 billion in the 2010/11 fiscal year. Consolidated Group sales increased by 46% (from March 1, 2010 to February 28, 2011), some 13% higher than the previous record-breaking sales that were achieved in the 2008/09 fiscal year.
“We recovered from the downturn that was caused by the financial crisis more quickly than expected and performed very well in the 2010/11 fiscal year – from both an operational and a strategic point of view,” stated Plansee Group CEO Michael Schwarzkopf at the annual press conference, “All four Group divisions performed well”.
Europe accounted for 50% of the Group’s total sales, followed by the Americas with 31% and Asia with 19%. The USA was once again the company’s biggest single market, followed by Germany and Japan. The Plansee Group achieved well over 50% of its sales in three key sectors: automotive, mechanical engineering and consumer electronics.
The total number of employees rose from 6,000 in 2009/10 to 6,730 in 2010/11.
In the last fiscal year, the Plansee Group invested €62 million, and an additional €29 million in innovation projects. In total, the Group has invested €1 billion – or an average of 11% of sales per year – over the last ten years in machinery, technology, processes and new products.
Planned sale of structural PM parts maker, PMG Group
Schwarzkopf announced that an investment bank has been commissioned to look for a new owner for its PMG division. The PMG Group manufactures a range of powder metallurgy structural parts for automotive applications, with sites in Germany, Austria, Spain, USA and China. The company employs around 1100 people and has a turnover of some €183 million.
“We want to concentrate on further developing our molybdenum and tungsten activities globally and cover every stage of the value chain, by starting with processing the ore and offering powders, semi-finished products and ready-to-use components that are tailored to our customers’ needs,” Schwarzkopf stated.
Edited by: Paul Whittaker, Editor ipmd.net, [email protected]
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