Trelleborg is Raising the Bar

Press Release
Tuesday, December 18, 2012

Trelleborg held its Capital Markets Day on Thursday, 6 December in Berns Salonger, Stockholm, Sweden. At the event, Trelleborg took the opportunity to release new financial targets for the Group and to launch a more focused organizational structure.


New financial targets are in line with Trelleborg’s ambitions to increase value creation and to be a world leader in selected market segments and geographic markets. They include organic growth of 5 percent or above as well as an operating margin before interest and tax of 12 percent or above of sales. Return on shareholders’ equity is set to be 15 percent or above.


“Trelleborg's new financial targets shall be seen as realistic, reachable and in line with responsible risk taking. We have exceeded our previous financial targets and our ambition is to exceed these new targets as well,” says Peter Nilsson, President and CEO of Trelleborg Group.


From 1 January 2013, Trelleborg Group will be divided into five business areas; Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems.


“We have always had a market-driven approach. Our more focused organizational structure affirms that and makes our focus on selected segments more visible to our stakeholders,” continues Nilsson. “Fundamental to all we do is accelerating our customers’ businesses and we do that by providing solutions that give a better function, lead to better business, with better sustainability. “Our solutions are based on polymer engineering. This is part of our core capabilities, as are our applications expertise, customer integration, local presence with global reach and our position as a business accelerator. We have emerged from a conglomerate into a focused polymer group with clearly defined strategic markets. Our evolution is powered by an improving geographic balance, a market-driven structure, optimization of our portfolio of offerings and excellence in all we do.”


It was highlighted at the Capital Markets Day how much the Group had moved toward its goal of an improved geographic balance. While sales in Western Europe, where Trelleborg has traditionally been strong, show a solid increase of 7 percent from 2006 to third quarter 2012, sales in other, especially emerging markets, have boomed percentage-wise. South and Central Americas have seen an increase of 88 percent, Eastern Europe a 71 percent growth and Asian sales have almost doubled, at 181 percent.


“Organic growth and investments in emerging markets have been key to improving global balance,” says Nilsson. “For instance, in 2005, Trelleborg had only two locations in China. Now there are six manufacturing and development sites along with many sales and engineering facilities. Similarly in Brazil, we have expanded our presence to more than ten manufacturing, development, engineering and sales locations that represent all parts of the Trelleborg Group.


“Getting the balance right in terms of geography and our portfolio of solutions has been achieved through organic focus on the right segments and geographical areas as well as strategic divestments, acquisitions and investments. Our new organization focuses on selected segments with growth opportunities and will act as the perfect platform for the next successful leap in Trelleborg’s evolution as a global leading force in polymers,” concludes Nilsson.

 

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

People & Company News

On USCG Anniversary, Gov. McAuliffe Urges Hurricane Preparedness

Gov. Terry McAuliffe encouraged Virginians to get ready for hurricane season and provided an update on the commonwealth’s preparations Friday at a press conference

Optimized Tug-Barge System Designs by Robert Allan

Optimized Tug-Barge System Designs by Robert Allan Ltd. by David R. Connand Robert G. Allan, P.Eng. Some veteran Mississippi pushboats and barges have been

WKCTC to Host Open House for ILM Institute

West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 ­– 6 p.

Legal

On USCG Anniversary, Gov. McAuliffe Urges Hurricane Preparedness

Gov. Terry McAuliffe encouraged Virginians to get ready for hurricane season and provided an update on the commonwealth’s preparations Friday at a press conference

Diana Shipping Nets 2Q Loss

Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

WKCTC to Host Open House for ILM Institute

West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 ­– 6 p.

Ship Repair & Conversion

UK Navy Chooses Effer Crane Again

Cranes manufacturer Effer informs its marine crane has recently been installed aboard the U.K. Royal Navy’s patrol vessel HMS Mersey.   The new 5s 275M crane,

Fire-stricken Icebreaker Overhauled

SENER concludes the Almirante Irizar icebreaker engineering works for re-outfit and overhaul   SENER reports it has completed the engineering works relating to

Engine Refit for Mersey Pilot Boat

James Troop supplies two new Volvo Penta engines to upgrade Mersey pilot boat   Merseyside-based engine specialist James Troop & Co has secured a deal to supply

Offshore

Fratelli Neri Orders Damen Tug

One of the largest Italian tug owners, Fratelli Neri S.p.A, ordered its first Damen tug, an ASD 3212, on 21 July 2015.   The vessel will be the first ASD tug

NOIA Applauds Senate Passage of OPENS Act

NOIA President Randall Luthi issued the following statement on the Senate Energy and Natural Resources Committee’s passage of the OPENS Act, which will open new

Shell Moves Ahead in Arctic with Exploratory Well

Shell Oil's icebreaker MSV Fennica weaved through nine remaining protesters hanging from the St. Johns Bridge and made its way toward the Pacific Ocean.   Authorities

Finance

Diana Shipping Nets 2Q Loss

Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

Energy

Optimized Tug-Barge System Designs by Robert Allan

Optimized Tug-Barge System Designs by Robert Allan Ltd. by David R. Connand Robert G. Allan, P.Eng. Some veteran Mississippi pushboats and barges have been

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

West Africa's August Crude Exports to Asia to Slip

West African crude oil exports to Asia were expected to fall to 1.84 million barrels per day (bpd) in August, Reuters data and a survey of traders showed.     Slower

Coatings & Corrosion

CWind Supports Ballast Nedam at Butendiek OWF

CWind, a provider of integrated services to the wind industry, announced today that it is providing corrosion protection services to Ballast Nedam at Butendiek Offshore Wind Farm (OWF).

NSF Certification for PPG's Products, Coating Systems

PPG Industries’ protective and marine coatings (PMC) business announced that four individual coatings and primers and two combined coating-and-primer systems

 
 
Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.1572 sec (6 req/sec)