CORPORATE NEWS:
SMS Group enjoys boom time
The SMS Group, consisting of leading companies in metallurgical plant and rolling mill technology, tube, long product and forging technology as well as plastics technology, increased its order intake in 2005 to €2,811m (up from €2,282m in the previous year) and its sales to €2,334m (up from €2,170m in the previous year).
The 2005 financial year closed with a group result of €42m, with debit amounts from the purchase of the 28% share Siemens AG previously held in the SMS subsidiary SMS Demag AG already factored in the 2005 result.
The steel industry saw another very good year in 2005. While China accounts for almost 30 % of global steel production, the dynamically developing steel industries in south-east Asia, Russia, India and South America also contributed to the upswing.
The Group’s investment activities in North America and western Europe were limited to revamps and only a few new construction projects.
Dr Heinrich Weiss comments: “Today, the increased demands made on us as a technology partner to our customers can only be met by supplying not just machinery and plants, but also offering a seamless understanding of the production processes.”
“This requires extensive system expertise including electrical and automation systems as well as service for our plants. Therefore we are continuing to expand these areas.”
SMS GmbH is the holding of a group of companies internationally active in plant construction and mechanical engineering relating to the processing of steel, non-ferrous metals and plastics.
The group is divided into business areas: Metallurgical Plant and Rolling Mill Technology; Tube, Long Product and Forging Technology; and Plastics Technology.
In the year 2005 around 9,250 employees worldwide generated a turnover of some €2.33bn. At €2,811m, the 2005 order intake was some 23% up on 2004. The figure is made up of €1,782m from Metallurgical Plant and Rolling Mill Technology, €572m from Tube, Long Product and Forging Technology and €457m from Plastics Technology.
Europe accounted for 42% of the order intake; some 22% in North and South America; and around 34% in Asia.
Dr Heinrich Weiss is confident things will continue on an upward trend: “Considering forecasts for a stable global economic development, the special boom in metallurgical plant construction and the expansion of our range of products and services, we expect the current business year once again to produce an even better result than last year.”
Company: |
SMS GmbH |
Country: |
Germany |
Fax: |
+49 211 881 4902 |
Email: |
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Website: |
www.sms-group.com |