4/11/2016 2:15:00 PM
NEWS BRIEFS
European Demand Drives Bossard Sales
The Switzerland-based Bossard Group reported first quarter sales rose 0.9% to CHF 170.4 million (US$178.6 million).
Sales in Europe increased 1.4% to CHF 103.6 million (US$108.6 million), with growth in Germany, France and Denmark, which helped compensate for a drop in demand in Switzerland.
U.S. sales fell 4.8% to CHF 43.8 million (US$45.9 million), while sales in Asia declined 0.4% to CHF 23 million (US$24.1 million).
In February Bossard opened a technology and logistics center in Hvidovre, near Copenhagen. The facility includes a “state-of-the-art” testing laboratory.
The building complex in Hvidovre has over 2,300 m² of office area and nearly 7,000 m² of warehouse space. The expanded high bay warehouse is oriented to a storage capacity of 4,500 tons. Up to 150 people can be employed at the site.
For 2015 Bossard reported net sales rose 6.2% to a record CHF 656.3 million ($674.8 million.) Web: bossard.com
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