News Flash

We are back on the growth track - CEO of Uster

01 Mar '11

5 min read

Strong growth in the testing instrumentation segment was based on several factors. The sharp increase in raw material prices since the beginning of 2010 led to a greater emphasis on raw material quality and enhanced sales of classing systems ordered from government agencies including China and the US. The recovery in demand for textile products also led to a strong increase in yarn prices triggering higher interest in adequate raw material quality and price levels by textile producers. The result was significant growth in sales for the laboratory yarn and fiber testing systems.

In the yarn clearer business Uster Technologies Ltd benefited from the sharp increase in orders from machinery manufacturers with growth rates estimated to clearly outperform other product groups in the coming year. The sales outlook for yarn clearers has been further brightened by the launch of the ground-breaking third generation USTER QUANTUM clearer at the end of September 2010. Order levels at the end of the year were exceptionally high, indicating future strong sales in 2011.

In the service segment the Uster Group continued to develop strong relationships with a wider textile retailer base, enhancing interest in a number of value-adding services, including Intelligent Sourcing, USTERIZED certification and USTER®TATISTICS. The after sales service business grew in line with instrumentation sales.

Uster Technologies Ltd is currently expecting ongoing market growth in view of the strong demand from Asian markets, especially from China and India, and the increased move towards quality and automation in emerging markets. Based on its successful strategy of innovation leadership, proactive cost management and the expansion of its state-of-the-art product and service offering, Uster Technologies Ltd is confident it will further strengthen its market position.

For the financial year 2011 management is confident that the business will grow at similar levels as 2010 with EBITA margins above 25%.

The Uster Group is the leading high technology instrument manufacturer of products for quality measurement and certification for the textile industry. The Group provides testing and monitoring instruments, systems and services that allow optimization of quality through each individual stage of textile production; from the raw textile fiber, such as cotton, wool or synthetic filament yarns, to the final finished fabric. The Uster Group provides benchmarks that are a basis for the trading of textile products at assured levels of quality across global markets.

Uster Technologies AG

More Uster Technologies AG News... More Textiles News - Switzerland...