FRIDINGEN, Germany—Rubber injection molding machinery company Kloeckner Desma Elastomertechnik GmbH has posted a strong set of figures for 2017, covering orders, sales and investment.
The Fridingen-based company reported a 21 percent year-on-year increase in order-intake to about $124.5 million for 2017. Of that, 17 percent was generated by new customers, the firm said.
Sales volume, meanwhile rose 15 percent to roughly $108 million last year. At the same time, the machinery maker also noted a 28 percent increase in "order backlog increased on balance" to around $40 million.
The performance, Desma said, equated to a growth rate (CAGR) of 6 percent, which compares favorably to the growth in the global market of just 3.5 percent over the past 10 years.
Desma went on to say that it was maintaining a relevant market share of at least 30 percent, within a field of 13 international and local competitors.
Another figure of note concerned the number of Desma employees working abroad in 2017. The firm employed 298 employees abroad, which outnumbered the 267 Germany-based employees for the first time in the company's history.
Last year, Desma said it invested about $7 million in "future viability." This was "particularly in the strategic expansion of the level of vertical integration and process optimization, in the digitization of production and new digital services."