Annual report 2009 - Siempelkamp
Annual report 2009 - Siempelkamp
Annual report 2009 - Siempelkamp
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Positioning in the market<br />
Compared to the European market, the positioning of <strong>Siempelkamp</strong> Foundry is very stable.<br />
This can be attributed to several circumstances:<br />
On the one hand there is our balanced portfolio for the different sectors that we supply; on the<br />
other hand the trust of our customers in us and the long-term stable supply relationship resulting<br />
from this trust.<br />
The fl exibility that we use to react to the different market mechanisms is also noteworthy.<br />
We have used the crisis to start programs aiming at effi ciency increases and further improvements<br />
of the product quality. Furthermore, we have gained new customers in foreign countries.<br />
Sales trend<br />
Due to the good order backlogs and the high number of new orders in 2008, we were able to<br />
maintain our sales volume at the 2007 level. Nevertheless, the sales volume of 105.38 million<br />
Euros fell 14% short of the previous year fi gures. In view of the short processing time for our<br />
projects, we have achieved a respectable capacity utilization despite the losses we experienced.<br />
The share of foreign sales amounted to 47.5% in <strong>2009</strong> which is slightly higher than in 2008<br />
(44.2%). The European countries other than Germany represent 60.1% of this fi gure.<br />
Total order value<br />
Due to the exceptional situation and certain extraordinary effects in 2008, the total order value<br />
went down to the expected level in <strong>2009</strong>.<br />
An order backlog of over 180 million Euros guarantees the use of our capacities well into the<br />
year 2011.<br />
Employees<br />
At the December 31, <strong>2009</strong> cut-off date, we employed 471 employees and 30 trainees. This number<br />
refl ects 35 less full-time employees compared to the previous year.<br />
Outlook<br />
Foundry products<br />
Well-fi lled order books allow for a good starting position in international competition in 2010 and<br />
the following years.<br />
We are expecting new orders primarily from the following sectors: energy conversion (the planning<br />
phase for many offshore wind farms goes into the implementation phase), raw materials extraction,<br />
and general machine building. In these sectors we are especially well-positioned and are anticipating<br />
increased production in 2010.<br />
<strong>Siempelkamp</strong><br />
Business development<br />
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