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 Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Tanzania's Energy Minister Resigns

Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid,

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

Brent Closes Up, U.S. Crude Down After Saudi King Dies

Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king,

Finance

Oil Majors to Preserve Dividends Despite Oil Collapse

Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

Brent Closes Up, U.S. Crude Down After Saudi King Dies

Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king,

News

Tanzania's Energy Minister Resigns

Tanzania's Energy and Minerals Minister Sospeter Muhongo resigned on Saturday amid a graft scandal that has rocked the gas-rich country and led Western donors to delay aid,

Oil Majors to Preserve Dividends Despite Oil Collapse

Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and

China's COSCO Group Returns to Profit

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday, citing an interview with the group's chairman.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.6869 sec (1 req/sec)