Trelleborg Gives Insight Into Long-Term Strategy

By Michelle Howard
Tuesday, June 10, 2014
Peter Nilsson

Trelleborg Group held its Capital Markets Day in Stockholm, Sweden. It included presentations that provided deeper insight into the long-term strategic choices on which the Group has chosen to base its work, and on specific priorities that will represent focus areas for each of the business areas in the near future to achieve their growth and profitability targets.


Peter Nilsson, President and CEO of Trelleborg Group, says: “Trelleborg’s multi-year restructuring work is continuing to yield results. The continuous and daily improvements conducted within the scope of a strategic continuity program form the basis for the Group’s success. Our geographic balance is continuing to progress in the right direction while our market positions are being strengthened as we become more deeply involved in selected segments within the field of engineered polymer solutions. We are also steadily moving downstream in the value chain, toward more advanced products and complete solutions.


“The organic growth of the Group remains in focus. This entails that we continue to develop our platform, which will ultimately lead to a sustainably higher rate of growth irrespective of the status of the economy. We are also assessing various bolt-on acquisitions in all business areas with the potential to supplement and strengthen our positions in selected segments. As a consequence of this strategy, the investments made this year will maintain a relatively high level, given our view that there remains favorable potential to profitably expand the Group organically. In parallel, we are continuing to pursue initiatives to further boost profitability in parts of the Group and we can see that we are well on our way to achieving our established financial targets on Group level.”


Presentations were given by President and CEO, Peter Nilsson, CFO, Ulf Berghult, the Group’s business area presidents and the CEO of TrelleborgVibracoustic.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Samil PwC Okays Hyundai's Management Improvement Plan

Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement

Volvo Penta Names Brown Commercial Marine Sales Director

Dave Brown has joined Volvo Penta of the Americas as director of commercial marine sales.   In this new position, Brown will provide strategic and administrative

Romica Manufacturer Secures DNV GL Approval

U.K. winch maker Romica said it is to “redouble its exports drive” after its Romania-based manufacturing partner successfully acquired accreditation with DNV GL.

Finance

Will UK Maritime Traffic Rise or Fall on Brexit?

UK container traffic will see more muted growth than expected a few months ago, at least in the short term, says Drewry.   Patrick Walters, Peel Ports’ Group Commercial Director,

Samil PwC Okays Hyundai's Management Improvement Plan

Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement

India Govt Subsidy for Ship Building Industry

Maritime Agenda 2010-20 has inter-alia set a target to increase percentage share of India to 5% in global ship building and 10% share in global ship repair for India by 2020.

News

Will UK Maritime Traffic Rise or Fall on Brexit?

UK container traffic will see more muted growth than expected a few months ago, at least in the short term, says Drewry.   Patrick Walters, Peel Ports’ Group Commercial Director,

Nigeria Becomes Piracy Kidnapping Hotspot, says IMB

Despite global improvements, kidnappings are on the rise, with 44 crew captured for ransom in 2016, 24 of them in Nigeria, up from 10 in the first half of 2015.

Boeing 767 Shipped by Barge

MTS Statum completes marine towage of barge carrying Boeing 767 from Shannon Airport   Marine service provider Marine and Towage Services Group Ltd. (MTS) has

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1595 sec (6 req/sec)