Gamma Holding's belting tech gains from rising demand, H1
26 Aug '05
9 min read
Turnover in the Gamma Technologies sector showed an upward trend as a result of increases in nearly all business units. Furthermore, the first positive effects of 'Planning for growth' became visible, a project launched in 2004 to create the basis for faster growth and improved profits in the coming years.
Turnover showed a net increase of 3% to EUR 238 million (2004: EUR 230 million). Compared with the first quarter, all business units improved their turnover in the second quarter. The increase in turnover was achieved mainly in emerging markets.
In spite of higher prices of raw materials, the operating result (excluding restructuring costs) improved by 11% to EUR 17.2 million (2004: EUR 15.4 million). This increase was achieved in nearly all business units, and was driven by higher volumes and cost reductions.
Belting Technology benefited from rising demand, above all for modular and timing belts. There was strong growth not only in Europe, but also in emerging markets like China, where Belting has been operating since last year via a joint venture. The business unit was successful in winning a number of large orders. For instance, Belting Technology obtained orders to develop conveyor belts for the airports of Dubai, Beijing and Seoul.
The business unit also introduced the Maestro press, a mobile service unit for welding conveyor belts on the customer's premises without using additional water-cooling. This is an efficient and clean solution that reduces process interruptions to a minimum.
marketing@alchempro.com
