Press Release

Fastener segment leads SFS growth 25 January 2019 2019-01-28

SFS Group reported “solid sales growth” of 6.5% in 2018, taking its consolidated sales total to CHF 1.739 billion (€1.54 billion). Operating profit increase to CHF 243 million, corresponding to 14% of net sales. SFS says “this attractive sales development wa...


Record year for Italian machine tool industry 23 January 2019 2019-01-24

Industry association UCIMU reported a record-breaking year for the Italian machine tool sector in 2018 and predicts a stable 2019. Massimo Carboniero, president of UCIMU-SISTEMI PER PRODURRE, told a year end media conference that the Italian industry –...


Total Car Sales in Malaysia in 2018 Increased by 3.83% 2019-01-23

Malaysian Automotive Association (MAA) has recently announced the sales of various vehicle types in Malaysia in 2018. The combined sales of all vehicle types reached 59,8714 units (up 3.83% from 576,635 units in 2017); sedans reached 533,202 units (up 3.6% from 514,679 uni...


Cutting Tool Numbers Up 13.2 Percent Over Prior Year in November Report 2019-01-22

The most recent Cutting Tool Market Report shows a drop from the prior month, but overall numbers remain comfortably strong in a year to year comparison.        The report, prepared jointly by the U.S. Cutting Tool Institute (USCTI) and AMT - the Association f...


China's heavy equipment sales maintain double-digit growth 2019-01-21

BEIJING - Sales of major heavy equipment including digging machines and loaders witnessed double-digit growth in China last year, pointing to improving vitality in the broader economy. Lyu Ying, deputy secretary general of the China Construction Machinery Association, said t...


Apolo MEA rebrands under the name CELO 18 January 2019 2019-01-19

Apolo MEA Befestigungssysteme GmbH will rebrand under the name CELO Befestigungssysteme GmbH. This change solely concerns the company name – the legal form of the company, the general managers and the address remain the same. This step is the l...


Wurth Group Continues Down the Road to Success 2019-01-18

According to the preliminary annual financial statement, the Würth Group reports a sales volume of EUR 13.6 billion in 2018 (previous year: EUR 12.7 billion). This corresponds to a growth of 7.1 percent. Adjusted for foreign currency effects, growth comes to 8.6 percent. All o...


Steel sector to remain resilient in 2019, says expert 2019-01-18

Steel demand will remain stable in 2019 backed by increased infrastructure investment, amid lingering worries that the influence of trade tensions on the world's largest steel-maker may shake up the global market, an expert said. "We are confident about China's steel industr...


Taiwan’s New Vehicle Sales in 2018 Drops by 2.1 % Compared 2017’s Same Period. 2019-01-17

Taiwan’s new vehicles sales in 2018 were less than 0.44 million units (435,135 units), down 2.1% from 2017’ s same period, which is even lower than 2016’ s record at 439,629 units, this is still the 3rd highest record since its slump to less than 0.23 million units in 2...


Taiwan’s Hand Tools Export is expected to Reach New High 2019-01-14

Taiwan hand tool industry is export- oriented and around 70% of its hand tool production is for export. In 2017 its export once climbed to USD 3.758 billion (the highest record since 2003) due to economic recovery and increasing international raw material prices and year on year ...



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