News Flash

Gamma Holding net group result up 12%

01 Aug '07

3 min read

Despite negative currency effects, Belting Technology was able to benefit from undiminishing demand for synthetic belts. Turnover growth was posted on all continents, especially in America, where, among others, materials were delivered for use in trains.

Additionally, good progress was made with a number of ongoing projects. In that respect, assembly activities were gradually relocated from Western Europe to the central assembly location in the Czech Republic.

In addition, further efficiency measures were effectuated in various countries. Belting has developed endless, heat-resistant, felt belts for the aluminium industry.

These belts are resistant to prolonged heat exposure up to a temperature of 400°C , are very abrasion-resistant and, due to the smooth surface, do not scratch the aluminium.

The turnover of Filtration Technology was virtually the same as last year, in spite of adverse currency effects. Filtration is expanding its geographical sales network and is transferring more production to countries with strong growth prospects and a low cost structure.

In that connection, assembly activities have been moved from Western Europe to the central assembly location in Poland. This means that in Sweden and Germany only weaving centres remain.

Furthermore, new factories have come on stream in Mexico, China and Poland. In addition, Kirin was acquired in March, thus strengthening the business unit's position in South-East Asia. Kirin specialises in both wet and dry industrial filtration products and is based in Singapore and Malaysia. Filtration was able to end the labour conflict at National Wire Fabric in Arkansas at the end of April.

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