Get Adobe Flash player
PLASTIKS on line. Home
Русская версия
magazine conference catalogue
News
PLASTIKS news
Business forums
Plastics recycling
Raw materials and additives
Investments and equipment
Plastics application
Subscribe to news












Unprecedented sales drop forces UPM restructuring

17/03/2009


Under the changes, the company will focus its activities on a new company under the UPM Conveyors name
The Langley-based ancillary equipment supplier UPM Group is restructuring in the face of what director Roy Fowler calls the sharpest business decline in his 40 years in the industry, coupled with a hefty bad debt and loss of two sub tenants.
Not only has its material handling systems and ancillary equipment been hit, the business has also seen a sharp decline in sales of its award winning infra red drying systems for PET. Here, Fowler told prw.com, customer interest remains strong but finance constraints on capital equipment are preventing orders from being fulfilled and placed. “It’s purely a finance issue,” he said. In addition to the business conditions, Fowler also points to the level of order cancellations from plastics industry customers because of the credit squeeze.
However, conveyor belt and system sales have held up better, said Fowler, both at home and also abroad, where they have been boosted by the weakness in the value of sterling.
The newly named UPM Conveyors will continue to provide full spares and service support to existing customers of material systems and IRD as well as selling new equipment, especially IRD. Its main focus however will be conveyors.

Plastics.ru

     








Other news

08/07/2015 Engel issues HL awards to three companies
03/07/2015 ENGEL exclusive machine partner of Liquidmetal Technologies
25/06/2015 ENGEL has grown by 14 percent
06/12/2013 KraussMaffei agrees to keep German plant open
06/12/2013 Clariant launches masterbatch show home
17/05/2013 Battenfeld-Cincinnati supplies Brazilian Plastilit
30/04/2013 Wittmann expands production of metal
30/04/2013 Engel unveils German subsidiary number four
14/02/2013 KraussMaffei Berstorff to supply Pinuform
14/02/2013 VW cuts cycle time with IntElect machine


Archive
Weekly news alerts
Яндекс цитирования
"ПЛАСТИКС" стал мобильнее
x

Уважаемые посетители сайта "Пластикс"

С июня 2013 года для пользователей планшетных компьютеров на Android и iOS доступно мобильное приложение (инструкция здесь).

Вы можете бесплатно ознакомиться с одним из номеров журнала (№6, 2015) через мобильное приложение.