Rosti Group CEO’s 2012 Interim report

2012 was a Good Year for Rosti. We are very pleased with the way 2012 started and finished. It will be remembered as the year when we have made one of our biggest strides in achieving our targets towards being a 400MEUR company in 2014.
 
MALMÖ, Sweden - May 8, 2013 - PRLog -- We are very pleased with the way 2012 started and finished. It will be remembered as the year when we have made one of our biggest strides in achieving our targets towards being a 400MEUR company in 2014.

As a matter of fact we finished the year a third bigger than we have started and our forecast for the current year shows a similar leap. This is in the main thanks to two major strategic actions started and completed during 2012. The acquisition of McKechnie Engineered Plastics ( now Rosti McKechnie) is well documented. The integration process has gone extremely smoothly thanks to the attitude and professionalism of Rosti McKechnie’s management and all employees. We are very pleased with what we have acquired. In 2012, we also opened our new facility in Senai (Johor Bahru), Malaysia. Creating the facility and start of production have also gone very well indeed with the site meeting and exceeding its sales & financial targets less than 6 months after the first group of moulding machines started production. Our Rosti Asia team led and executed the plan in full, drawing on all of the experience available in Rosti in starting a new facility.

2012 also proved to be a record year in terms of sales awards. It is excellent to see Rosti not only winning replacement programmes when projects come to the end of their natural life, but we are also winning new incremental programmes and new customers. This will support our organic sales in meeting our growth target towards 400MEUR. Not surprisingly, the majority of these sales awards have come from existing customers, which further cement our belief and investment in supporting our customers with our Customer Care programme but also our financial investment in new machines and new staff.

Rosti now stands with ten facilities across Europe & Asia, with 500 machines and 2500 employees.

To support this growth:

• We can now see additional demand in excess of 50 new injection moulding machines in the medium term with over 50% of these being ordered and commissioned in 2013/2014
• We have already expanded our Suzhou, China facility by well over 4000 sq meters of new manufacturing and warehousing space, which is now fully operational, and we are looking at major new building expansions in 2 of our other factories in the UK and Germany
• We will be adding a state of the art painting facility and extending our machine capability to 2700t in the UK
• We will also add additional Extrusion capacity in the UK

I believe we now have a balanced portfolio with our key markets of Automotive, Packaging, Domestic & Professional Appliances, and Business Machines all representing just under 25% of total sales each, leaving a small percentage of sales for our growing Medical & Healthcare sector. Although we have completed a major acquisition in the middle of last year, in acquiring Rosti McKechnie, we are still pushing for further acquisitions to continue the growth of our business and to balance our sales both in the end markets we serve and the geography of our customers with the Middle East & the USA very much under our radar.

Some other highlights of 2012 include:

• We have doubled in size our clean room facility in Suzhou China to meet the additional demand
• We have launched a number of kitchen appliances from our Poland facility in collaboration with our key customers, manufacturing appliances to “finished goods” level in a co-development programmes, with our engineers making major contributions in product and process design.
• We have started production of caps & closures at our Suzhou facility with the output aimed for the local Chinese markets for milk & juices
• Our Suzhou plant is now FDA approved for class 2B for the manufacture of plastic parts for the food industry
• We have a new customer at our facility in Dresden Germany, which will be producing a flip top cap for the ketchup & sauces market
• We have increased our sales with one of our key customers who is in the Hygiene market with our sales now include liquid soap pumps, foam soap electrical and tissue paper dispensers


Finally, I am delighted to add that we can now boast 2 Innovation Centers, a Technical Center, and a Design & Development office in Germany to support our Packaging business.

I believe the above activities and achievements are further proof that we add Value to all our customers by being a ROSTI company

• Responsive
• Open
• Sustainable
• Trustworthy
• Innovative

This is the ROSTI WAY !

Borje Vernet
CEO
Rosti Group

For further information, contact either

Börje Vernet, CEO, on +46 70 298 4667

or Tez Kurwie, Sales Director, +46 72 533 1671

Rosti is a global plastics injection moulding company and subcontract manufacturer to the Automotive, Packaging, Domestic Appliances, Business Machine, and Medical & Life Sciences markets. Rosti has facilities in the UK(X4), Poland, Sweden, Germany, China, India, and Malaysia with accreditation in ISO9000/1/2, ISO 13485, TS16949, FDA/IMS, BRC/IoP, ISO 14001, OSHAS 18001 (H, S+E) and many other world manufacturing standards, with a combined turnover of 300 MEUR and 2500 employees. Rosti is owned by the Swedish investment group Nordstjernan. For further information, please visit www.rosti.com and www.nordstjernan.se
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Tags:Automotive, Manufacturing
Industry:Automotive, Manufacturing
Location:Malmö - Skane - Sweden
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