TROISDORF, GERMANY (Aug. 31, 1 p.m. ET) — Reifenhäuser GmbH & Co. KG Maschinenfabrik, the Germany-based extrusion line manufacturer, has reported record results for the 2011-12 year.
Combined sales from its subsidiaries Reifenhäuser Extrusion, Reifenhäuser Kiefel Extrusion, Reifenhäuser Reicofil, Reiloy Metall, Reimotec and Polyrema generated more than 450 million euros ($567.5 million), an improvement on the previous year's record sales.
All business areas of the Reifenhäuser group could report double-digit growth, mainly due to increasing demand for extrusion machinery from Asia and South America.
Reifenhäuser is planning further growth for the new financial year. Ulrich Reifenhäuser, board member of Reifenhäuser, said in a news release: “After a rather weak spring, we are experiencing now a clear revival of the market. We can still see great potential in the BRICs countries - not least because of a growing hygiene market in these regions.”