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Pilkington
launches improved and expanded website
From Monday 18th March 2002 the Pilkington Group website, www.pilkington.com,
has a new look and added functionality.
The home page links users to country and global business content for 70
countries in 25 languages - and online ordering in selected markets.
Corporate information on Pilkington has been greatly expanded, with key
facts and figures now available in English, German, French, Italian, Spanish
and Portuguese for investors, analysts and researchers around the world.
The Pilkington site is also the place to visit for detailed global flat
glass industry information for both the Building and Automotive sectors.
An e-mail alert service brings selected news from Pilkington automatically
to your e-mail account as soon as it is released. See the 'Investor Relations'
section in Corporate. If you have already subscribed, you can enter your
email address to login and edit your preferences.
http://www.pilkington.com
Deceuninck redesigns
website
The new Deceuninck site is stylish - a good example of Flash used properly,
giving a touch of attractive animation without adding much to loading
time. Similar to Pilkington, this worldwide Group has effectively addressed
the issue of having to supply different products to different geographical
markets. It does it in a similar way too, simply by asking the user to
select his/her market in a drop down menu.
For the UK, it offers two choices: under '70mm suite' it offers the Status
Chamfered Suite and provides a link to the Status website, which has also
recently been redesigned (http://www.status-systems.co.uk).
Under the product headings Windows & Doors, Roofline & Cladding,
Walls & Ceilings, Internal Window Boards, Recycled Park & Garden
Furniture and Air Treatment, it provides picture links to more specific
and descriptive pages.
As a resource, both for the trade, for the consumer, and for the student/schoolchild,
the site has something for everyone. Furthermore, it achieves this without
becoming cluttered or overblown with good use of navigation and images,
and text which is not overlong but which at least has some substance.
For example, one page manages to describle the manufacturing process for
PVC-U in 13 lines, by referring to an companying illustration.
Some blind alleys still exist in the English language version (eg, no
press releases or jobs yet). However, this is more than made up for by
the Corporate section which has a full history of the Group, its aims
and objectives (in sensible language) and a downloadable Annual Report.
All in all, an excellent site well worth bookmarking even if you are not
a Deceuninck/Status customer
http://www.deceuninck.com
Heywood Williams redesigns site
The
new Heywood Williams site, by contrast, would be a triumph of style over
content, if it had any style. Come to think of it, it hasn't really got
any content either. Devotees of the old site may remember masses of market
information that you could set your watch by, not to mention borrow for
those awkward board meetings.
The new site's home page has gone for an 'open' style, which rather belies
the fact that it has more javascript on one page than most sites have
on their entire server. The javascript mainly serves to continually swop
a number of rather bland images, which purport to show the range of markets
the Group is involved with, but then rather destroys this illusion by
describing what the group does in good old fashioned words - a rather
sparse 46 words to be precise.
As we go on through the site, this pattern is woefully repeated: the Group's
'Strategic Process' is rattled out in a breathless 32 words (which rather
reminds one of those terrribly out of date 'Mission Statements' we used
to see everywhere).
'Key People' looks more promising, and yes, all eight directors get the
full puff treatment, together with massive pictures of themselves striking
rather dramatic poses.
The 'Company Links' page is quite useful, if only to be given an opportunity
to go to a site other than this. Again, the terse descriptions rather
beggar belief: Spectus is summed up in an astonishingly economical four
words, while Mila is deemed to merit by comparison a rather bloated nine.
The 'Financial Section' promises that the Annual Report will be available
from April 5th, provides an archive of old information and press releases
(up to mid 2001) and offers a couple of Powerpoint presentations to download
in the interim. I have to confess that I lost interest at this point.
In conclusion I would say that Heywood Williams is doing itself no favours
with this site if it wants to position it as an industry resource (which
it used to be) or to promote the Group as one of the UK's largest window
manufacturing companies.
http://www.heywoodwilliams.com
NEW HOME GROUND
FOR GLASSEX IN 2003
Following a sell-out show in 2002, the organisers of Glassex have announced
that next years event will take place from 23rd to 26th March 2003
inclusive in a new residence the recently built Halls 17, 18 and
19 of the NEC, Birmingham.
Offering all the excellent facilities expected of the UKs busiest
and fastest growing exhibition venue, the new halls also enjoy the latest
environmental control systems and no less than 8 new catering establishments,
ensuring the most comfortable working environment possible for both exhibitors
and visitors. The new halls also represent a larger floor area than the
traditional Glassex home of Halls 6, 7 and 8 and have been chosen in anticipation
of further growth for the event, which celebrates its 21st birthday this
year.
The 2003 Glassex dates have been arranged both to coincide with a late
Easter which will occur from 18th to 21st April next year
and to fulfil popular demand, with all recently conducted exhibitor and
visitor research still supporting mid-March as the ideal date for the
event. All of the new features launched at the 2002 event including
New Product Zones and Trails, VIP lounges and the Relaxation Zone - will
make a return appearance in 2003, with yet more innovative areas to be
announced throughout the year.
Total visitors this year numbered 12,808, a 7% increase on last year's
attendance figures. The percentage of visitors from the owner/partner/chairman/MD/Director
bracket: 46.36%, while the percentage of visitors from general manager/purchasing
management area: 21.71%
6,600 square metres of space - around 60% of the total area planned for
Glassex 2003 - was already reserved on-site before the doors closed for
Glassex 2002.
Tel: 0208 277 5000
Email: mailto:nikki.lazenby@emap.com
Web: http://www.glassex.com
NB Our Glassex Review will appear in next week's Gl@zine.
Deceuninck
Group current profit up by 20.3%
The Deceuninck Group, worldwide manufacturer of PVC-U window systems and
building profiles, announced its annual results today. Deceuninck achieved
consolidated sales of 350.6 million euro in 2001. Current net profit grew
by 20.3% to 27.1 million euro. EBIT grew by 13.1% to 42.4 million euro,
operational cashflow (EBITDA) by 13.5% to 74.1 million euro.
The construction market saw hard times in 2001. In the summer, the US
was hit by an economic recession. The downturn was compounded by the events
of 11 September. The economic situation in Western Europe remained problematic
throughout, with the situation in Germany an absolute low. Only Eastern
Europe achieved significant growth, particularly with regard to renovation.
Turkey had to face unprecedented devaluation and suffered from natural
disasters, such as earthquakes and floods.
Given this economic climate, Deceuninck's performance has been excellent.
The company saw a strengthening of its position in virtually all regions
thanks to new customers, improved service and innovative products. Thus,
a new window system for large accounts in the UK and new window boards,
building profiles and roller shutters with a ventilation system (Climaline)
were added to the existing range. France, the United Kingdom and Eastern
Europe in particular saw significant growth, while the other regions managed
to maintain their positions in a shrinking market. The US, too, achieved
improved results in difficult circumstances. Without the perseverance
and determination of our staff this performance would not have been possible.
Sales figures improved moderately, with a growth of 3.2 %, but sales strongly
increased in volume (10.4 %). This result is largely due to the stopping
of the non-core activities in 2000, and to the significant growth in sales
to large customers. Margins improved thanks to lower raw material prices
and direct costs and stable overhead expenses. EBITDA, for instance, increased
to 74.1 million euro (margin of 21.1 %) and EBIT to 42.4 million euro
(margin of 12.1 %). Current net profit rose by 20.3 % to 27.1 million
euro. Interest charges, finally, saw a considerable decline, because of
good working capital monitoring, lower investments and the improvement
of the net financial position by 30 %.
The Board of Directors will propose to the General Meeting of Shareholders
on 14 May 2002 that a net dividend of Euro 0.168750 should be paid.
The year 2001 has been a transition period with the results and strong
balance-sheet position of Deceuninck constituting an ideal basis for further
growth. The consolidation in the industry offers interesting perspectives.
Acquisitions and joint ventures are not to be ruled out and further sales
and profit growth is expected.
Deceuninck is an integrated group on a world wide scale, specialising
in compounds, design, development, extrusion and recycling of PVC systems
and profiles for the construction industry. The company is active in 32
countries, has 20 production and/or sales branches, and has a world wide
workforce of 1694, including around 540 in Hooglede-Gits. Deceuninck is
number three in its sector in the world.
http://www.deceuninck.com
IMPROVED SECOND HALF RESULTS AT HEYWOOD WILLIAMS
Announcing its full year results on March 12, Heywood Williams Group PLC
showed strong growth in the second half of 2001 led by its UK division.
The UK arm more than doubled its profits compared to the same half last
year with 9% sales growth from its current businesses. With much of the
re-structuring of the group's businesses well under way, Chief Executive
Ian Stuart is confident that there is a sound platform for future growth
in 2002.
Based on this performance and the Groups' future prospects, the shares,
currently at 232p, are at their highest level for two years.
Arriving after poor results in 2000, Stuart set out to concentrate on three
basic themes. Firstly, he wanted Heywood Williams to build on its leading
position within the market for domestic doors, windows and conservatories.
Businesses that did not fit have been sold.
The second objective was to reduce the cost base of the businesses within
the group and thirdly, he has succeeded in growing sales. He now feels confident
of investing in those companies that have the potential for future growth.
The profile businesses in the group, offering product for both windows and
roofing, have been brought together under HW Plastics and they have recently
secured large orders for 2002. Three-dimensional testimony of this re-energising
of the businesses comes in the form of the construction of Europe's largest
cantilever racking equipped distribution centre at Trentham Lakes in Stoke-on-Trent
and investment in their extrusion operations in Macclesfield and Scunthorpe.

Europe's
largest cantilever racking equipped distribution centre at Trentham Lakes
HW Plastics also has a thriving export business with its turnover, mainly
in Eastern Europe, increasing by an impressive 40%.
The Hardware Division, spearheaded by Mila Hardware and Windoware has
experienced double digit growth and to cope with the increased level of
business it is extending the size of its manufacturing and warehouse premises.
Mila also has a thriving export arm with businesses in Eire, Benelux and
Scandinavia.
Mila expects even greater things from the launch of "Centra-lock"
- the UK's first affordable, practical and easy to fit household central
locking system, judging by the reception it was accorded by the trade
buyers at its launch at Glassex in early March, their confidence in the
future seems to be well justified.
An investment of over £l million has been made in the form of the
new composite door factory in Gloucester for Door Panels plc, which will
take the company into a new era.
'When I arrived at Heywood Williams early last year, it was obvious that
the Group was not moving forward the way a market leader shouid. Yet the
potential of our individual companies was enormous. Having restructured
our cost base, we are now investing heavily in the efficiencies, new products
and higher service levels that our customers expect and deserve', concludes
Ian Stuart.
Group Results at a glance:
Sales: £621.2m (2000 £652).
Operating profit* of £20.5m (2000 £28.1m)
H2 operating profit* of £13.3m (2000 £7.9m)
Profit before tax* of £18.1m (2000 £25.7m)
EPS* of 16.1p (2000 21.9p)
Net borrowings up only £3.9m at £25.7m
Dividend of 15p maintained
* Before exceptionals, goodwill and excluding income from associates
Lisa Urquahart of the Financial Times sounded a note of warning about
the Group's US market:
'Pre-tax profits fell from £14.3m to £4m and included a £6m
restructuring charge in the UK. ... Improved trading in the UK and cost
savings ... went some way in offsetting US operating profits, which almost
halved to £9.7m (£18.4m) as volumes in the pipe division fell.'
It went on to pay a measure of respect to Ian Stuart's pruning of the
domestic business:
'While most of the recovery may have come from the pared down UK business,
the US manufactured housing side finished strongly'
Commission
approves Asahi prospectus on Glaverbel take-over bid
Tokyo/Brussels, March 14, 2002. Asahi Glass Co., Ltd (J.AHG), announced
the approval by the Belgian regulator, the Banking and Finance Commission
(BFC), of the prospectus relating to the public take-over bid for all Glaverbel
(GLAB.BRU) shares held by public shareholders. AGC, which currently holds
directly 55% and indirectly a total of 65% of Glaverbel's capital, will
now proceed with its public take-over bid for the shares of Glaverbel that
it does not already hold. In addition to the purchase of the ordinary shares
through the tender offer, AGC is to purchase all the outstanding convertible
bonds of GVB, and stock options. The offer period is expected to commence
shortly, and to last for 10 business days.
EUR 145.00 will be paid in cash to shareholders in exchange for each Glaverbel
share (coupons nos. 21 and following attached) tendered; the price offered
for the convertible bonds is EUR 3,641.53. Petercam Securities SA, the independent
Belgian investment bank appointed unanimously by the board of directors
of Glaverbel, has confirmed the fairness of the consideration offered.
The offer is subject to the condition that, on the basis of acceptances
received at the end of the offer, AGC would own, directly and indirectly,
90% or more of the voting shares of Glaverbel. The Offer is not subject
to any other conditions.
If at the end of the offer AGC would own 95% or more of the Glaverbel shares,
it will re-open the offer on a squeeze-out basis. All securities not presented
after this squeeze-out bid will be deemed transferred to the AGC, by operation
of law.
The prospectus may also, for information only, be consulted on the Internet,
at the following addresses:
http://www.investisseurs.be.fortisbank.com,
http://www.glaverbel.com
and http://www.agc.co.jp/english.
For further information: Kiyotsugu Suzuki, AGC Investor Relations, Corporate
Planning Division Phone: + 81-3- 3218-5240
Asahi Glass Company, Ltd manufactures and sells a variety of glass products.
Main products include flat glass for construction, glass for cathode-ray
tubes, and glass for automobiles. The Company also produces electronic parts,
fine chemicals, and new ceramics. In 2001 the group posted net sales of
USD 10.5 billion. Additional information on the Company can be found at
http://www.agc.co.jp/english.
GO-AHEAD FOR FOUR
SELF-CERTIFICATION SCHEMES UNDER THE BUILDING REGULATIONS
A new scheme to promote competence, cut red tape and help consumers identify
reputable glazing firms was one of four new self-certification schemes
approved today by Minister for Building Regulations Alan Whitehead. (Yes,
believe it or not, they are talking about FENSA - Ed)
From 1st April people wishing to replace their windows will need to get
building control approval either from their local authority or through
a new self-certification scheme called FENSA (Fenestration Self-Assessment
Scheme). The scheme applies to windows and frames but not to broken
windows.
The FENSA scheme will provide a cost-effective alternative to seeking
local authority building approval and will help householders to identify
reputable glazing firms. It will require replacement glazing companies
to certify to local authorities that their work meets the new energy efficient
building regulations. Membership of the scheme which is backed
by glazing industry - means that companies are not required to seek building
control approval from councils, saving time and money for the consumer.
Non-members and persons wishing to carry out the work themselves can still
do so but will be obliged to seek building control authority approval.
Firms registered with FENSA will be subject to detailed scheme rules,
will be inspected regularly and will offer each customer an insurance-backed
guarantee. The scheme will be administered by the Glass and Glazing Federation,
and will be open to any firm that meets the relevant criteria.
Laying the new regulations before parliament today, Alan Whitehead said:
These regulations mark a major step forward for consumer protection
in the glazing industry. For the first time the glazing industry has drawn
up a national scheme to ensure competence among members, offering consumers
a greater confidence and level of protection than ever before. By signing
up to schemes such as FENSA, companies are giving out a clear message
to consumers that their work complies with building regulations
.
The other schemes coming into force on April 1st are:
* The Heating Equipment and Testing Approvals Scheme (HETAS Ltd) for the
installation of solid fuel heating producing appliances, such as a wood
burning stove.
* The Oil Firing Technical Association for the Petroleum Industry (OFTEC)
for oil fired heating appliances, fittings and oil storage tanks.
* The Institute of Plumbings Approved Contractor Person Scheme for
the installation of water-using appliances and internal drainage systems
eg, a new downstairs toilet.
NB:
The self-certification schemes are being launched under the Building Regulations
as part of the Governments campaign to boost competence in the construction
industry and cut red tape. Amendments were made to the regulations last
year to introduce better energy saving standards to meet Kyoto and domestic
commitments. These include the making of replacement glazing (including
the frame) a controlled fitting, and more rigorous requirements for heating
systems.
To ensure that these measures take place with the minimum burden on firms
and the consumer, the Fenestration Self-Assessment Scheme (FENSA) has
been developed to allow glazing installers to certify to local authorities
that their work complies with the Building Regulations. The scheme was
developed by a steering group consisting of key stakeholders, including
representatives from the glazing industry and Trading Standards.
These regulations also recognise two bodies in relation to the provision
of combustion appliances HETAS and OFTEC. Promoting membership
of these will help reduce life-threatening incidents through poor installation,
and encourage energy efficiency, and link with new requirements for the
safe installation of combustion appliances. A scheme developed by the
Institute of Plumbing for plumbing work has also been recognised.
Laird
Group report a depressed 2001 as Ian Arnott finally bows out after 20
years
Laird Group Chairman, Nigel Keen, commenting on the results, said:-
'2001, which represents the first full years results since the major
repositioning of the Group in 2000, was affected by the unprecedented
downturn and resultant destocking seen in the electronic industries and
by the weak US economy. Trading conditions remain challenging. However,
there are signs of conditions stabilising and of destocking in the electronic
industries coming to an end. Lairds long established conservative
financial policies have ensured that the development of the Group has
continued in 2001, despite the difficult trading conditions. The actions
taken during the year, and the further steps being implemented in 2002,
will ensure that Laird can take full advantage of a return to growth,
especially in the electronic industries, when it occurs.'
Turnover - continuing operations £574.9m (2000) £602.1m
Profit before tax - continuing operations* £
25.2m (£42.2m)
Net borrowings £66.7m (£47.9m)
Shareholders funds £268.2m (£ 277.2m)
Earnings - continuing operations* 13.2 (20.0)
Dividends 11.1 (16.5)
* Before exceptional items and goodwill amortisation.
The totals for 2000, including discontinued operations, were a profit
before tax of £56.5 million and earnings of 26.5p per share
The Group also announced the sooner than expected departure of chief executive
Ian Arnott, who had been with the company for 20 years. He has been replaced
by ex Invensys director Peter Hill. Although the 2001 results were pretty
poor, the company has tightened its belt by cutting its workforce by about
25%, and is optimistic about the coming year, anticipating full year profits
of around £25m.
Click here for complete report
Alcoa
and Aviation Equipment, Inc. Announce 'FORTRESS' Cockpit Door
Los Angeles 14th March: Alcoa Aerospace announced today that it has collaborated
with Aviation Equipment, Inc., of Los Angeles, USA to develop the FORTRESS(TM),
a door designed to prevent access to the cockpits of the world's current
commercial air fleet. The reinforced and armored door will provide levels
of protection mandated by the Federal Aviation Administration (FAA) in
response to the September terrorist attacks while also offering global
airlines fast and efficient retrofit installation.
Structural design engineers from the Engineering
Design Center at Alcoa Technical Center (near Pittsburgh, PA) evaluated
several concepts and selected the FORTRESS(TM) design for FAA certification
testing. The FORTRESS(TM) cockpit door uses Alcoa 2519 ballistic aluminum
armor in conjunction with composite armor laminates. FAA certification
is in process.
The unique FORTRESS(TM) design uses standardized
components and is able to accommodate most aircraft models. The tamper-proof
door is furnished as a complete kit, including attachment hardware, and
can be installed in four hours or less -- allowing for overnight installation.
A security camera, with tamper alarm for monitoring from the cockpit,
is also available. A single-point door release is reachable by both pilots
from inside the cockpit. Only security coded access is available from
the passenger side of the cabin.
Upper and lower blow out panels allow for air
pressure equalization in both directions should rapid decompression occur.
The panels automatically re-latch after pressure is balanced. Only slightly
heavier than conventional, non-reinforced doors, the FORTRESS(TM) door
weighs 5.5 pounds per square foot.
"We have integrated our knowledge of aerospace
materials, design, engineering and manufacturing to develop a cockpit
door that will meet the U.S. government's performance objectives, the
cost and installation objectives of the airlines and the security concerns
of passengers," said Pat Hassey, executive vice president of Alcoa,
who is responsible for the company's aerospace market sector.
"We are fortunate to have more than two decades
of successful structural design and engineering experience to draw upon,"
Hassey continued. "Working with both the automotive and aerospace
industries, Alcoa has developed a design methodology based upon principles
of `design for manufacturability' and `design for assembly' which, when
coupled with our innovative aluminum products and processes, substantially
improve performance, reduce weight, and minimize costs."
"Alcoa and Aviation Equipment, Inc. have
a great deal of practical experience in many areas. We think the collaboration
will give us a very competitive approach to this new and important product
application," said Kristopher Bentson, Sr., vice president of Sales
and Marketing for Aviation Equipment, Inc.
Alcoa is the world's leading producer of primary
aluminum, fabricated aluminum and alumina. It provides customers in packaging,
consumer products, automotive, aerospace, construction and other markets
with a variety of fabricated and finished products. Alcoa has 129,000
employees in 38 countries.
Aviation Equipment, Inc. specializes in the design,
manufacture, overhaul and repair and modification of components for a
variety of aircraft. The company also has extensive capabilities in advanced
composites, aluminum metal-to-metal and boned honeycombed structures for
control surfaces, cargo floor panels and other low-temperature airframe
parts.
Aviation Equipment, Inc., also manufactures components
for many high-temperature applications utilizing alloys such as inconel,
hastealloy, titanium and stainless steel. With its extensive engineering
capabilities, the company has obtained many Supplemental Type Certificates
and Parts Manufacturing Approvals and is an exclusive licensee of Alcoa's
advanced aerospace laminate, Glare.
http://www.alcoa.com
Schott
plans investment of 300 million euros
In spite of the weakness of the world economy and negative influences
from industry the Schott Group anticipates sales of 2 billion euros in
the current fiscal year (to Sept. 30, 2002). 'We have the opportunity
to get through the current fiscal year on a successful business basis,
to strengthen our competitiveness and to create new growth potential',
said Chairman of the Board of Management Dr. Leopold von Heimendahl at
the Carl-Zeiss-Stiftungs annual financial press conference.
The current business situation is marked by stable demand for Ceran®
glass-ceramic cooking surfaces as well as ampoules and vials for pharmaceutical
purposes. In contrast Schott is feeling some restraint in the Advanced
Optical Materials & Components and Opto-Electronics strategic business
units.
It is Schotts aim to maintain its productivity and innovation offensive
even in times of difficult economic developments. To this end 300 million
euros are being invested in the 2001/2002 fiscal year, a third of which
is directly in future businesses such as microlithography and photovoltaics.
To be better equipped to tackle the global competition, since the start
of the new fiscal year Schott has reorganized its corporate structures
including the bundling of competences and the setting up of strategic
business units.
In the 2000/2001 fiscal year the Schott Group increased its sales by 6%
to 2.0 billion euros of which foreign business accounted for 79%. The
annual surplus at 52 million euros was at the same level as the previous
year. Cash flow before profits taxes improved in line with the business
situation by 65 million euros to 345 million euros and reached 17% of
sales. At 279 million euros investment in tangible assets rose by a third.
At September 30, 2001 the Schott Group employed 19,800 people (1999/2000:
19,600), of whom 9,800 were in Germany.
The Carl-Zeiss-Stiftung with the two foundation enterprises Schott Glas
of Mainz and Carl Zeiss of Oberkochen plus the subsidiary companies included
in the Schott Group and the Zeiss Group achieved sales in the 2000/01
fiscal year of 4.0 billion euros (1999/2000: 3.85 billion euros). The
foreign share of this was 81%. 34,000 people were employed worldwide (1999/2000:
33.400).
http://www.schott.com
Bohle
celebrate 12 months success with Scratch Away
At Glassex Bohle demonstrated,for the second year running,the Scratch
Away scratch removal system to great success. The company claims the Scratch
Away system includes several exclusive and unique features which not only
allow for complete and distortion free removal of surface scratches, but
the quick analysis of them prior to starting work.
'Scratch removal is easy, quick, safe and highly efficient- no time is
wasted on scratches that would always be too deep to ever remove.
Over 90% of all scratches are surface scratches,' Gary Dean , MD of Bohle
UK explians 'these can easily be removed step-by-step using the worldwide
patented Scratch Away system achieving 'invisible' distortion free positive
results. Ideally suitable for flat, insulating and automotive glass surfaces,
the flexible rubber collar protects the enviroment and the operator from
becoming soiled and the speed is such that the time to reach a positive
result is remarkable' he told us.

Bohle says it has had every product in the world from every manufacturer
put before us, as our worldwide distribution network is very appealing
toproduct producers, but this is by far the best scratch removal system
we have seen to date- and the remarkable sales since its launch at last
years Glassex confirm our confidence in the product' said Gary
'Scratch Away has a proven track record and high degree of customer satisfaction,
to date we are sure that this product is the quickest, safest and most
effective scratch removal system currently in production.'
Scratch Away is available in 3 versions, 240v, 110v and a Pnuematic version
and comes in a case with all accessories , manual and demonstration CD.
Tel: 0800 61 61 51
Email: mailto:bohleuk@bohle.de
Web: http://www.bohle.de
Tamglass
increased its market share by 30% in 2001
The net sales of Tamglass Ltd. Oy, the leading manufacturer of safety
glass machines, grew by about 30 % between January and December 2001 from
the previous year, totalling EUR 120 million. Tamglass' order book increased
slightly from the end of September and was at a good
level on December 31, 2001, at EUR 47.6 million. The order book continued
to grow at the beginning of 2002 and was EUR 50.1 million in the end of
January.
Demand for safety glass and safety glass machines continued its long-term
growth. The capacity utilization of Tamglass' machine customers, i.e.,
glass manufacturers and glass processors, was high all around the world
in 2001. Uncertainty in the world economy has mainly affected the demand
for machines for automotive glass. The demand for machines for architectural
glass remained at a good level despite the economic climate.
The demand in Tamglass' main market areas was good in 2001. Strong market
areas within Europe included e.g. United Kingdom and Germany. Despite
slow decision making in the United States, good amount of orders were
also received towards the end of the year. Strong demand
in Brazil continued. Also the safety glass machine markets in China grew.
Tamglass' position in 2001 as a supplier of safety glass technology was
stronger than before in all market areas. The company increased its market
share particularly in Europe, the United States and South America.
Tamglass made in 2001 its machine manufacturing more efficient and shortened
throughput times. Machine production in Switzerland was relocated to the
Finnish factory. The Swiss subsidiary of Tamglass Group, Cattin Machines
S.A, will focus in the future on product development and after sales operations.
Tamglass product development expenditures amounted to EUR 7.4 million.
The company launched several technology innovations to the market during
the year 2001.
The good demand for safety glass and high utilisation rate of glass processors'
capacity emphasize the significance of preventive maintenance. This together
with the good new machine sales added further to the number of maintenance
agreements for safety glass machines. Maintenance, spare parts sales and
installations of new machines, which form the core of after sales services,
continued to grow well.
Tamglass, a Kyro Group company, designs and manufactures safety glass
lines and machines for the architectural, automotive, furniture and domestic
appliance glass industries. Tamglass has a total of 16 operating units
world-wide. The company has delivered over 1,400 production lines to over
70 countries. Tamglass Safety Glass Ltd., Tamglass Group's own glass processing
unit, produces demanding, value-added safety glass products using the
latest Tamglass technology.
http://www.tamglass.com
CBK,
ONE YEAR ON
Gloucester based, CBK Ltd started trading as a specialist conservatory
roof manufacturer in January 2001.
Since becoming an authorised fabricator of the K2 Conservatory Roof System,
the company claims its business objectives of becoming one of the leading
conservatory roof suppliers in the Southwest have turned into a reality.
Over
the last year CBK has experienced a rapid increase in business opportunities,
resulting in their current workforce working flat out to fulfil the demand
of over 30 roofs a week.
K2 says it aided the development of CBK by providing them with a first
class product coupled with the very best in service and support.
Bill Holden and Ken Meyrick the directors of CBK, commented: 'We feel
that a major part of our success has been due to the popularity of the
K2 roof system. The system has developed an impressive reputation throughout
the industry and is recognised as a strong challenger to the current market
leader.'
'We feel that with the continued support of K2, CBK have the drive and
determination to continue our success story, providing endless business
opportunities throughout the South West.'
Contact: Jack Nowicki
Tel: 01204 554 554
Email: mailto:enquiry@k2conservatories.com
Web: http://www.k2conservatories.com
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