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Successfully completed fiscal year – DELO remains on its growth path

Post Time:Nov 12,2013Classify:Industry NewsView:33

As per the end of the fiscal year on March 31, 2013, DELO Industrial Adhesives could record total sales revenues of Euro 51.7 million. The increase in revenues by 17 percent over previous year’s figures can mainly be attributed to the expansion of business abroad. DELO continues investing in the future. The company is increasing its staff, and a new building for production and logistics facilities is being built.Growth rate abroad was tripled“We are proud that this year again we can report such positive growth rates”, says DELO Managing Partner Dr. Wolf-Dietrich Herold. “In our domestic market Germany we could grow by nearly 4 percent. The growth rate in foreign markets amounts to 27 percent – a triplication compared to last year. In the meantime, 62 percent of our total sales revenues are generated abroad”.In order to further strengthen the company’s standing in Asia, DELO Industrial Adhesives (Singapore) Pte. Ltd. was found as an own subsidiary on December 1, 2012, followed by DELO Industrial Adhesives (Shanghai), Co. Ltd. in China on March 27, 2013.Sustainable business management creates more jobsDELO’s growth and success are also reflected in the number of employees. 350 people were employed as per the end of the fiscal year, which are 50 more than in the previous year. In particular new jobs were created in the divisions of Engineering, Research & Development, Production and Technology. DELO is planning to hire another 90 employees this year.Strengthening of the capacities at Windach headquartersDELO is still loyal to Germany as a location. The company will continue conducting its business from Windach in the future. Innovative adhesives, curing lamp and dispensing units will still be developed and produced there. For this purpose, the Managing Partners Sabine and Dr. Wolf-Dietrich Herold, together with Federal Minister of Economics Dr. Philipp R?sler, inaugurated a new laboratory building for a total of 130 further employees. At the same time, a new production and logistics center is being built. Commissioning of the new building is being planned for coming fall. 10.04.2013, DELO Industrie Klebstoffe GmbH & Co. KGaA

Source: http://www.glassglobal.com/news/successfully_completed_fiscal_year_delo_remains_on_its_growth_path-22133.htmlAuthor:

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