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 is acquiring the medium-sized enterprise Ölhydraulik Altenerding in Erding, Germany, for its Bucher Hydraulics division. The company specialises in advanced hydraulic cylinder technology for high-pressure applications, which complements Bucher Hydraulics' portfolio of hydraulic solutions.
Bucher Industries AG is publishing its first sustainability report in accordance with the GRI G3 Level C standard. Environmental indicators based on data collected for the first time in 2011 ensure additional transparency. The findings of the survey will feed into the operations of the Group companies.
Bucher Unipektin, a subsidiary of Bucher Industries AG, is strengthening its beverage technology activities in the area of beer filtration by acquiring the engineering business of the world-leading Filtrox Group.
Emhart Glass, a division of Bucher Industries and the worldwide market leader in glass container forming machinery, is planning to step up its response to the shift in the glass container markets from customized, high-end equipment to more standardized glass-forming machinery. The proposed realignment of production and engineering capacities will increase the division's flexibility, cost efficiency and profitability, while improving proximity to its customers worldwide.
Bucher Industries increased sales by 14% to CHF 1 931 million in the first nine months of the current business year. All divisions contributed to this pleasing development. The order intake of CHF 1 768 million was only 2% down on the same period of last year. For 2012 as a whole, the Group continues to expect improved sales, operating profit and profit for the year.
Bucher Municipal, a division of Bucher Industries AG, is strengthening its winter maintenance business by organising all the division's winter maintenance activities under one management. To facilitate the integration, Bucher Municipal is increasing its shareholding in Giletta S.p.A., Italy, from 50% to 60%.
In the first half of 2012, Bucher Industries increased sales by 21% to CHF 1 381 million, operating profit rose by 50% to CHF 133 million and the profit for the period by 64% to CHF 90 million. Order intake decreased by 9% to CHF 1 081 million as a result of economic conditions. For 2012, the Group continues to reckon with an improvement in sales, operating profit and profit for the year.
Bucher Municipal, a division of Bucher Industries AG, seeks to exploit economies of scale within Johnston Sweepers in the UK by looking at combining the three UK manufacturing sites operated by the company into a single site in Dorking, Surrey. The envisaged investment amounts to GBP 11 million in infrastructure and new production technologies.