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.
Bucher Industries plans to present Jetter AG shareholders with a voluntary public tender offer at a price of 7.00 euros per share. Bucher Industries has held a stake in Jetter AG since 2005, recently amounting to nearly 30% of the equity. In the last two years, Jetter has generated around 50% of its sales with Bucher Group companies. Bucher Industries is planning to reinforce Jetter’s know-how in the area of automation systems. The aim of the tender offer is to purchase all the shares in Jetter AG. Jetter’s Supervisory and Executive Boards support the takeover offer.
In a generally friendly market environment, Bucher Industries increased order intake by 14% to CHF 1 227 million in the first half of 2013. Sales were up 2% to CHF 1 410 million, while operating profit improved by 5% to CHF 141 million. Group profit for the period amounted to CHF 95 million, surpassing the figure for the same period of last year by 4%. For 2013 as a whole, the Group expects a modest increase in sales and a further improvement in operating profit and profit for the year.
Emhart Glass, a division of Bucher Industries and the world’s leading supplier of glass container forming machines and equipment, and Owens-Illinois, Inc., (O-I) the world’s leading maker of glass containers, have agreed that Emhart Glass will become preferred supplier to O-I for glass forming machines and parts to all of O-I’s plants around the globe.
On the basis of solid demand in all divisions, Bucher Industries increased order intake by 15% to CHF 672 million in the first quarter of 2013. Sales reached CHF 658 million, a 4% decline compared with the high level recorded for the same period of the previous year. The acquisition effect was just under 3%.
The shareholders attending today’s annual general meeting of Bucher Industries AG approved all the board of directors’ proposals. In addition to the regular agenda items, the shareholders approved the re-election of Rolf Broglie and Anita Hauser to the board.
Bucher Hydraulics, a division of Bucher Industries, is creating a new production and engineering base in Brazil by acquiring Eco Sistemas near Porto Alegre. Eco Sistemas is the ideal partner to establish the new hub of Bucher Hydraulics in South America.
In the 2012 business year, Bucher Industries increased sales by 12% to CHF 2 609 million, while operating profit rose 21% to CHF 229 million. The operating profit margin increased to 8.8%. Profit for the year also grew by 21%, reaching CHF 154 million. The board of directors is proposing a dividend of CHF 5.00 per share to the annual general meeting on 11 April 2013.
Bucher Industries increased sales by 12% to CHF 2 609 million in the 2012 business year. Order intake of CHF 2 490 million was 4% down on the high level of the previous year because of major one-off orders in 2011 and the slowdown in the market for hydraulic components. For 2012 the Group expects double-digit growth in operating profit and profit for the year.