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New classing business in additional cotton growing regions, Uster
21 Jul '10
5 min read
In the yarn clearer business the positive developments already seen in the second half of 2009 continued, supported by the renewed increase in demand for yarn. The ongoing move to automated production technology in China restored demand for automatic winding machinery. Consequently, Uster Technologies Ltd experienced increased orders from machinery suppliers. Moreover the Company celebrated the 50th anniversary of its development of the first electronic yarn clearers – the technology which enables in-process quality assurance for yarns. Also in the reporting period, the Group passed the milestone of two million USTER QUANTUM clearers sold.
Pro-active management of the business in response to the improving market environment, backed by the Group's flexible business model, allowed an immediate increase of R&D and Marketing activities that had been slowed down in the face of the uncertain business climate that existed earlier last year. The result of this fast response was the launch of new products at the ITMA ASIA & CITME 2010.
USTER presented under the slogan 'The Future Has a Past' its latest range of testing instruments. In addition, the Group launched a new USTER ZWEIGLE laboratory system that allows the measurement of yarn hairiness at speeds that are eight times faster than those of previous devices.
This demonstrated USTER's continued innovation power and ability to bring new value-added products to the market in response to customer's ongoing needs for more efficiency, cost savings and consistent quality. Going forward, Uster Technologies Ltd will maintain its focus on strengthening its competitive positioning by introducing new state-of-the-art products in all market segments in combination with expanding its global sales organization. A special focus was on evaluating and developing synergies and joint technology and market opportunities offered by the strategic partnership with Toyota Industries Corporation.
Uster Technologies Ltd is currently expecting a continued market improvement based on strong demand from Asian markets, especially from China and India. For the financial year 2010 the management expects gross sales in the range of CHF 125 million to CHF 130 million whilst maintaining an EBITA margin around 25%.
It is important to note that the Group is maintaining its operational flexibility and its ability, as demonstrated last year, to respond to any possible subsequent softening of demand. Nonetheless, future growth prospects are underpinned by the move towards quality and automation in the emerging markets. In the mid-term, management is confident it can gradually expand business activities and bring the Group's revenues back to the levels seen before the crisis.
Pro-active management of the business in response to the improving market environment, backed by the Group's flexible business model, allowed an immediate increase of R&D and Marketing activities that had been slowed down in the face of the uncertain business climate that existed earlier last year. The result of this fast response was the launch of new products at the ITMA ASIA & CITME 2010.
USTER presented under the slogan 'The Future Has a Past' its latest range of testing instruments. In addition, the Group launched a new USTER ZWEIGLE laboratory system that allows the measurement of yarn hairiness at speeds that are eight times faster than those of previous devices.
This demonstrated USTER's continued innovation power and ability to bring new value-added products to the market in response to customer's ongoing needs for more efficiency, cost savings and consistent quality. Going forward, Uster Technologies Ltd will maintain its focus on strengthening its competitive positioning by introducing new state-of-the-art products in all market segments in combination with expanding its global sales organization. A special focus was on evaluating and developing synergies and joint technology and market opportunities offered by the strategic partnership with Toyota Industries Corporation.
Uster Technologies Ltd is currently expecting a continued market improvement based on strong demand from Asian markets, especially from China and India. For the financial year 2010 the management expects gross sales in the range of CHF 125 million to CHF 130 million whilst maintaining an EBITA margin around 25%.
It is important to note that the Group is maintaining its operational flexibility and its ability, as demonstrated last year, to respond to any possible subsequent softening of demand. Nonetheless, future growth prospects are underpinned by the move towards quality and automation in the emerging markets. In the mid-term, management is confident it can gradually expand business activities and bring the Group's revenues back to the levels seen before the crisis.
Uster Technologies Ltd
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