Plansee reports that its sales dropped 10% between the 2019/2020 fiscal years, from €1.52 billion to €1.38 billion.
‘In addition to the trade conflict between the USA and China, declining orders from the European automotive and the mechanical engineering industry in particular resulted in the slump in sales in the 2019/2020 fiscal year,’ said Karlheinz Wex, spokesperson of the group executive board.
Despite temporary closures of individual plants due to the Covid-19 pandemic, Plansee was able to maintain almost all deliveries to its international customers between March and May, it affirmed. ‘Plansee components and tools ensure that the electricity is on, X-ray machines work, or food and medical products can be packaged in glass without hygiene concerns,’ said Wex. The company reportedly had increasing demand from the medical technology and the semiconductor industry.
This story uses material from Plansee, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
