Media

The media information page contains the latest news from the divisions and the Group. You will also find publications, presentations and pictures.
Press release 08.05.2019

Bucher Municipal strengthens its presence in Asia by acquiring Zynkon

Bucher Municipal, a division of Bucher Industries, is acquiring 100% of the Chinese sewage tanker manufacturer Zynkon. This allows the division to access the growing Chinese market for sewage cleaning vehicles and to strengthen its presence in Asia.

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Corporate Communications
Silvia Oppliger and Prisca Wolfensberger
+41 43 815 80 40
media@bucherindustries.com

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Bucher Hydraulics acquires majority interest in Wuxi Deli Fluid Technology Co., Ltd in China

Bucher Hydraulics, a division of Bucher Industries, has agreed to form a joint venture in China by acquiring an 80% stake in Wuxi Deli Fluid Technology Co., Ltd, the leading manufacturer of hydraulic pumps and compact power units in China. This acquisition will strengthen the division’s presence in China as well as its global product range. The transaction is yet to be approved by the Chinese authorities.

Pleasing rise in order intake and sales

Bucher Industries’ order intake rose by 18% year-on-year in the first quarter of 2018. The Group’s sales increased by 17%, with all five divisions contributing to this positive performance.

Annual General Meeting approves all proposals of the Board of Directors

At today’s annual general meeting of Bucher Industries AG, the shareholders agreed to all the proposals put forward by the board of directors. The dividend is CHF 6.50 per registered share. 179 shareholders with voting rights were present and a total of 73.97% of the votes were represented.

Bucher Emhart Glass: Complete takeover of the joint venture in China

Bucher Emhart Glass, a division of Bucher Industries, is taking over the remaining shares of its joint venture with Shandong Sanjin Glass Machinery Co., Ltd. The joint venture was formed in 2011 and is the market leader for glass forming machinery in China. The complete takeover emphasizes the importance of the Chinese market for Bucher Industries and Bucher Emhart Glass and will lead to a faster and more systematic development of the subsidiary.

Pleasing business results in 2017

In 2017, the performance of Bucher Industries was pleasing overall. Order intake surged 20% year on year, and sales rose by 11%. The operating profit margin improved by 1.5 percentage points to 8.6% due to higher sales and optimised structures. The profit for the year amounted to CHF 168 million. The board of directors is proposing a dividend of CHF 6.50 per registered share.

New member of the Board of Directors

The Board of Directors of Bucher Industries AG is to propose that the Annual General Meeting on 18 April 2018 elect Martin Hirzel as a new Board member.

2017 ends on a pleasing note

Bucher Industries posted strong order intake and higher sales for the 2017 reporting year. The markets in which the Group operates performed particularly well in the second half of the year. All divisions contributed to the increase in sales. For the reporting year 2017, the Group is forecasting an improved operating profit margin and a significant increase in group profit.

Change to group management

Christina Johansson, member of group management and CFO of Bucher Industries, has decided to leave the company and seek a new professional direction. Manuela Suter, Head of Controlling of Bucher Industries, will assume the position of CFO as a member of group management on 1 January 2018.

Significant increase in order intake

The markets in which Bucher Industries operates have enjoyed a recovery in the first nine months of the year. The Group experienced a significant growth in order intake, and sales have increased pleasingly, with all divisions contributing to the higher Group sales.

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