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Mikron Group On Track
News Release - The Mikron Group, a global player
in machining and assembly systems and in component production, reported
increased sales for the first quarter of 2005
Seattle, WA, USA--(Jobwerx)--APRIL 20, 2005--The Mikron Group, a global
player in machining and assembly systems and in component production,
reported order intake of CHF 93 million and sales of CHF 88 million in
the first quarter of 2005. Thus, both new orders (15%) and sales (17%)
were significantly higher than the previous year. The performance beat
expectations in part. For 2005 the company still anticipates breaking
even.
In the Production Equipment segment (machining and assembly systems),
the Machining Technology division reported steady robust demand from
the automotive industry. Orders from the writing instruments industry
were buoyant in the first quarter. The service business also weighed
in with a stronger showing. The Assembly Technology division reported
satisfactory order intake following a disappointing final quarter in
2004. New orders were in line with expectations and stemmed to a large
extent from the automotive industry. The new Polyfeed Standalone feed
system met with a high level of acceptance by the market and won the
Lyon d'or award at the Industrie Lyon 2005 trade fair for its contribution
to productivity.
In the Components segment (production of plastic components), the Plastics
Technology division posted an increase in orders with good engineering
contents. The trend is important given the production orders this implies.
Commercial production for a major project in the field of medical technology
proceeded according to plan. Good progress was also achieved here in
process stabilization. Implementation of the measures to eliminate the
division's losses were on track.
Mikron® is a trademark of Mikron Holding AG, Biel (Switzerland)
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