Trimet Aluminium points to 5% annual growth
Trimet Aluminium points to 5% annual growth
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Essen, Germany-based Trimet Aluminium SE says it increased its sales of aluminium products in the 2015/16 fiscal year, which ended June 30, 2016.
The company says its 3,000 employees at eight locations produced approximately 775,000 tons of aluminium and cast iron products, five percent more than in the previous fiscal year. The Trimet Group closed the 2015/2016 fiscal year with sales of €1.7 billion ($1.9 billion). The company says “with an equity ratio of 60%, the independent family-owned company has a solid basis for action.”
Trimet says the capacities of its aluminium smelters, foundries and refineries” were fully utilized” in the 2015/2016 fiscal year. “The expansion of production capacity and plant modernization measures, in which the family-owned enterprise has invested a total of €84 million ($94.4 million), came to fruition,” Trimet says in a news release announcing its annual results.
“Despite persistently low global market prices for aluminum, the Trimet Group achieved a slightly improved adjusted [profit] of €63 million ($70.8 million) compared to last year,” says the company, adding that profitability “was driven in particular by higher production volumes at Trimet locations in France.”
“We will continue our policy of qualitative growth,” says Martin Iffert, CEO of Trimet Aluminium SE. “With continuous investments at all production locations, we are optimally positioning ourselves to face the rising demand for aluminium and are constantly improving our production efficiency. Through the further development of production facilities and the tighter integration of our locations, we can more flexibly serve the current demand, secure long-term jobs and maintain our position as a provider of high-quality aluminium products for all stages of the material chain,” adds Iffert.
Iffert says a continuing trend toward weight reduction in automotive design continues to ensure new applications for aluminium. Trimet cites the drivetrain, engine blocks, transmission and clutch housings, specialty wires and battery casings as automotive growth areas.
Iffert says Trimet is focusing on continuity, even after the death of Heinz-Peter Schlüter, the founder and owner of Trimet who died in November 2015. “His untimely death is a grievous loss for the company that he built and whose special spirit he forged,” says Iffert. “Schlüter himself ensured several years ago that the future of Trimet as an independent family-run company would be secure. This is also a value shared by the [family owners], which is very committed to and for Trimet.”
Trimet Aluminium SE describes itself as a company with 3,000 employees that develops, produces, recycles, casts and sells modern light metal products made out of aluminium at eight locations.
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Source: Recycling Today
Trimet Aluminium points to 5% annual growth
<![CDATA[Essen, Germany-based Trimet Aluminium SE says it increased its sales of aluminium products in the 2015/16 fiscal year, which ended June 30, 2016. The company says its 3,000 employees at eight locations produced approximately 775,000 tons of aluminium and cast iron products, five percent more than in the previous fiscal year. The Trimet Group closed the 2015/2016 fiscal year with sales of €1.7 billion ($1.9 billion). The company says “with an equity ratio of 60%, the independent family-owned company has a solid basis for action.” Trimet says the capacities of its aluminium smelters, foundries and refineries” were fully utilized” in the 2015/2016 fiscal year. “The expansion of production capacity and plant modernization measures, in which the family-owned enterprise has invested a total of €84 million ($94.4 million), came to fruition,” Trimet says in a news release announcing its annual results. “Despite persistently low global market prices for aluminum, the Trimet Group achieved a slightly improved adjusted [profit] of €63 million ($70.8 million) compared to last year,” says the company, adding that profitability “was driven in particular by higher production volumes at Trimet locations in France.” “We will continue our policy of qualitative growth,” says Martin Iffert,…