Industry News (Week of 9/17/07)
September 12, 2007
COLLANO ANNOUNCES GROWTH IN FIRST HALF OF 2007Collano, headquartered in Sempach-Station, near Luzern, Switzerland, has increased sales 13.3% from CHF 61.8 million to CHF 70 million in the first half of 2007. According to the company, this development is the result of organic growth underpinned by positive currency translation effects. The core businesses specializing in adhesives for specific industrial markets were the key growth drivers. The operating result improved perceptibly as well.
The sales forecast for the second half of the year remains positive. As sales were already strong in the same prior-year period, Collano expects moderate growth. The onset of the commodity price increases announced for 2007 was delayed and will have a smaller impact on the annual result than was the case in previous years. Following an unsatisfactory operating result last year, Collano is expecting a relevant improvement for financial 2007.
For more information, visit www.collano.com.
GLUE DOTS INTERNATIONAL ANNOUNCES RELOCATION OF PRODUCTION FACILITYGlue Dots International, a subsidiary of Ellsworth Adhesives Company and the manufacturer of Glue Dots® Adhesive Products, has announced the relocation of its production facilities from Keighley, England, to East Kilbride, Scotland. The relocation to East Kilbride will serve to increase the company's production capabilities and position the company for growth by enabling it to meet an ever-growing European demand for its products, as well as reduce its production costs by employing shared resources.
The new facility is 1,300 sq meters (14,000 sq ft) and will accommodate production and office staff, with a dedicated 1,114 sq meters (12,000 sq ft) of production and warehouse space. Managing Director of European Operations John Henderson commented, "The new location, which allows us to have manufacturing, logistic and IT support under one roof, will enable us to respond more quickly to the needs of our customers."
Glue Dots International's European production and sales facilities have operated out of Keighley since 2000. While the company's production facilities are in the process of moving to Scotland, the expanding sales force will remain in Keighley, but in a new, larger office facility. Henderson said, "It is our intention to develop the direct sales of Glue Dots by increasing our internal customer service levels, as well as appointing additional external sales personnel in the U.K. and throughout Europe."
For more information, visit www.gluedots.com.