8/29/2012 11:29:00 AM
NEWS BRIEFS
Bossard North America Unveils $1.5m Expansion
Courtesy Greeneville Sun
Bossard North America marked the opening of a $1.5-million expansion of its facility in Greeneville, TN, the Greeneville Sunreports.
The operation is now the company’s second-largest hub in the U.S. The company also operates facilities in Cedar Falls, IA (headquarters); Appleton and Madison and Mequon, WI; Dayton, OH; Santa Fe Springs, CA; Grovetown, GA; Fort Worth, TX; Elk Grove Village, IL; Elkhart, IN; and Mexico.
“We are here to stay and to grow,” Bossard North America CEO Steen Hansen stated at a public ceremony.
The North American market remains a bright spot for the Swiss-based company.
Bossard Group reported sales fell .4% in Swiss francs to CHF 251.4 million in the opening six months of 2012.
“Whereas America reported double-digit sales growth, customer demand in Europe and Asia was in line with the declining Purchasing Managers Indices,” the company stated.
Six-month sales in America gained 13.2% to CHF 75.6 million, while European sales dipped 5.2% to CHF 136 million, and Asia sales fell 5.5% to CHF 39.8 million.
Sales in America grew 22.1% to CHF 37.5 million in the second quarter of 2012, while sales in Europe fell 5.9% to CHF 65.9 million, and Asia sales declined 3.7% to CHF 20.9 million. Overall Group sales gained 1.6% to CHF 124.3 million.
Six-month net income declined 4% to CHF 22.1 million. ©2012 GlobalFastenerNews.com
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Related Links:
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