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FET new premises to enable expansion drive (c) FET
25.05.2021

FET new premises to enable expansion drive

Fibre Extrusion Technology Ltd of Leeds, UK has now commenced construction of a new purpose-built Research & Development Centre to enable continued growth through innovation. This modern two-storey development will be situated on the adjacent site, providing state-of-the-art facilities, including a Visitor Centre and enhanced Process Development Laboratory (PDL) for client testing and product development. Central to FET’s success has been its ability to provide customers with advanced facilities and equipment, together with unrivalled knowledge and expertise in research and production techniques. The new expanded premises will further improve this service.

Clients frequently spend several days on site participating in development trials and technical sales meetings, so the Visitor Centre is designed to make their stay more efficient and comfortable. Sales, administration and design departments will also be housed in the new building.

Fibre Extrusion Technology Ltd of Leeds, UK has now commenced construction of a new purpose-built Research & Development Centre to enable continued growth through innovation. This modern two-storey development will be situated on the adjacent site, providing state-of-the-art facilities, including a Visitor Centre and enhanced Process Development Laboratory (PDL) for client testing and product development. Central to FET’s success has been its ability to provide customers with advanced facilities and equipment, together with unrivalled knowledge and expertise in research and production techniques. The new expanded premises will further improve this service.

Clients frequently spend several days on site participating in development trials and technical sales meetings, so the Visitor Centre is designed to make their stay more efficient and comfortable. Sales, administration and design departments will also be housed in the new building.

The addition of the Visitor Centre will free up a considerable amount of space for production and other facilities in the existing premises. This major refurbishment phase for the existing premises is scheduled for completion at the end of 2021. As a result, FET’s manufacturing capacity will increase by more than 50% to cope with customer demand.  

Substantial year-on-year growth has driven this initiative and FET’s current order book in excess of £10million has provided the opportunity for equipping the company infrastructure for the future. Sustainability has been at the forefront of FET’s growth, supporting customers in their development of sustainable textiles and this principle is reflected in the choice of building materials and products for the Visitor Centre wherever possible.

It is expected that the new Visitor Centre will be opened in the first quarter of 2022.

Source:

Project Marketing Ltd

12.05.2021

Rieter updates Outlook for First Half Year 2021

  • Order intake of around CHF 300 million received in the month of April 2021
  • Order intake in the first half of 2021 expected to be around CHF 800 million
  • Start of implementation of the Rieter CAMPUS project in Winterthur

In the month of April 2021, Rieter received orders of around CHF 300 million. The order intake in April was broadly based internationally with the main focus on Turkey, Uzbekistan and India.

In addition to the regional development of the market, Rieter also attributes the business performance to a catch-up effect due to the low propensity to invest in 2019/2020.

As a result, Rieter expects an order intake of around CHF 800 million in the first half of 2021.

As already announced, Rieter anticipates that sales in the first half of 2021 will be below the break-even point. Rieter expects an operating profit for the full year 2021. On July 15, 2021 Rieter will give an updated outlook for 2021 in connection with the semi-annual results, taking into consideration the ongoing challenges resulting from the COVID-19 pandemic.

  • Order intake of around CHF 300 million received in the month of April 2021
  • Order intake in the first half of 2021 expected to be around CHF 800 million
  • Start of implementation of the Rieter CAMPUS project in Winterthur

In the month of April 2021, Rieter received orders of around CHF 300 million. The order intake in April was broadly based internationally with the main focus on Turkey, Uzbekistan and India.

In addition to the regional development of the market, Rieter also attributes the business performance to a catch-up effect due to the low propensity to invest in 2019/2020.

As a result, Rieter expects an order intake of around CHF 800 million in the first half of 2021.

As already announced, Rieter anticipates that sales in the first half of 2021 will be below the break-even point. Rieter expects an operating profit for the full year 2021. On July 15, 2021 Rieter will give an updated outlook for 2021 in connection with the semi-annual results, taking into consideration the ongoing challenges resulting from the COVID-19 pandemic.

The Rieter Board of Directors has approved the implementation of the CAMPUS project. The Rieter CAMPUS comprises a customer and technology center as well as an administration building at the Winterthur location. It will make an important contribution to the implementation of the innovation strategy and to the enhancement of Rieter’s technology leadership position.

Source:

Rieter Management AG

12.05.2021

SGL Carbon: Solid Development in the first quarter of 2021

  • Group sales in the first quarter 2021 of €241.5 million, down 2% below prior year (currency adjusted on prior year level)
  • Expected positive impact from a contract termination with a customer of reporting segment Graphite Solutions contributes around €9 million to sales and earnings
  • Transformation program proceeds according to plan in all areas
  • EBITDA pre of €33.0 million significantly higher year-on-year (Q1/2020 €29.0 million), EBIT increases to €17.0 million (Q1/2020 €6.4 million)
  • Positive net result at €6.1 million (Q1/2020 minus €4.3 million)
  • Liquidity at €168.6 million also developed positively (year-end 2020 €141.8 million)
  • Net financial debt decreases by 5% to €271.5 million (year-end 2020 €286.5 million)
  • Equity ratio increases to 20.4% (Year-end 2020 17.5%)
  • Outlook for fiscal year 2021 fully confirmed

See attached document for more information.

  • Group sales in the first quarter 2021 of €241.5 million, down 2% below prior year (currency adjusted on prior year level)
  • Expected positive impact from a contract termination with a customer of reporting segment Graphite Solutions contributes around €9 million to sales and earnings
  • Transformation program proceeds according to plan in all areas
  • EBITDA pre of €33.0 million significantly higher year-on-year (Q1/2020 €29.0 million), EBIT increases to €17.0 million (Q1/2020 €6.4 million)
  • Positive net result at €6.1 million (Q1/2020 minus €4.3 million)
  • Liquidity at €168.6 million also developed positively (year-end 2020 €141.8 million)
  • Net financial debt decreases by 5% to €271.5 million (year-end 2020 €286.5 million)
  • Equity ratio increases to 20.4% (Year-end 2020 17.5%)
  • Outlook for fiscal year 2021 fully confirmed

See attached document for more information.

More information:
SGL Carbon sales Automotive
Source:

SGL CARBON SE