Dynamic evolution' in Americas, Asia drive Delfingen growth

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French automotive parts supplier Delfingen Industry SA has posted a sharp increase in its 2016 current operating income as sales grew 2.1 percent to 175.8 million euros ($191 million), while the company plans on further growth in North America and Asia.

The company posted a 21 percent growth in current operating income at 14.3 million euros ($15.5 million) with earnings up at 19.6 million euros ($21.3 million).

Sales in the Automotive division, representing 89 percent of the overall sales, were up by 4 percent. Global automotive growth for the same period was 4.7 percent.

Sales in the on-board networks protection activity rose by 5.3 percent with “a particularly dynamic evolution in Asia and in the Americas,” the French supplier said March 27.

The company said operating income rose on the back of “the improvement of the gross margin by 1.5 percentage points and a good control on expenditures and external charges.”

Additionally, Delfingen announced in January this year the acquisition of Drossbach Inc., with operations in the U.S. and Canada, which specializes in wire harness protection systems for the transportation, industry and robotics markets.

The company, based in Stow, Ohio, has annual sales of $18 million and 80 employees in Stow and Trenton, Ontario. It specializes in corrugated tubing used in wire harnesses.

Delfingen, based in Anteuil, France, was No. 45 in Plastics News 2016 ranking of the largest pipe, profile and tubing producers in North America with an estimated $85 million in sales in the region.

Delfingen also said that it expects further growth in sales in 2017 if exchange rates and raw material costs remained on line with the present levels.

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