SMS: Substantial growth in 2000

The Plastics Technology division of SMS, which incorporates the Battenfeld, American Maplan and Cincinnati Extrusion brands, saw a substantial increase in business during last year, with most of the growth coming from the extrusion sector. Overall, sales totalled Euro 622 million in 2000 compared with Euro 414 million in 1999. Sales of pipe and profile equipment doubled. Battenfeld Extrusion Technology, American Maplan, Cincinnati Extrusion and Battenfeld Chen Extrusion Systems increased sales from Euro 98 million to Euro 196 million, although this upswing could only be expected as the substantial Cincinnati operation did not join the group until the beginning of 2000. Cincinnati itself achieved ‘record growth rates’. In film and sheet Battenfeld Gloucester Engineering US and SMS Folientechnik, Austria (formerly the British Battenfeld Gloucester operation) increased turnover 69 per cent to Eur 213 million. The injection moulding division did not achieve such dramatic results, but still increased sales 12 per cent to Eur 213 million.SMS Plastic Technology turnover is now split 34 per cent in injection moulding and 66 per cent extrusion.

Leave a Reply

You must be logged in to post a comment.