PDF, 3.2 MB - Pfleiderer AG
PDF, 3.2 MB - Pfleiderer AG PDF, 3.2 MB - Pfleiderer AG
Production Reduced capital expenditure by Deutsche Bahn AG has affected Pfleiderer track systems’ domestic business. However, production in the German plants during fiscal 2004 was also used in international projects in Taiwan and the Netherlands, as well as for ongoing domestic business. Production capacity in the plants in Romania and Hungary is fully booked up for around 15 months following an order taken to modernize rail links in Turkey. A plant has been set up with a local partner in Taiwan to produce around 125,000 rail sleepers as part of the Taiwanese high-speed project. As this project has since been completed. The plant involved has been dismantled and will be used elsewhere in the region for other projects. The Business Center track systems produced around 1.2 million track sleepers and around 300,000 meters of rail turnout sleepers at its German production plants in Coswig, Langen, Neumarkt, Gernsbach and Kirchmöser. As of December 31, 2004, order books for Germany and abroad were full for the next 6 months. Quality Management Maintaining constant high standards of quality for all our products is of fundamental importance, especially for the rail traffic segment. For many years now, Pfleiderer track systems has been applying a quality management system to ensure uniform high quality standards for all its products. The quality management system itself is also subject to continual monitoring and improvement. Productivity and the quality of work processes are constantly enhanced as a result of continual improvement monitoring. The quality management system for central units and production plants in operation for Pfleiderer Infrastructure Technology is certified according to DIN EN ISO 9001, documenting the high quality standards of our products. Products from Pfleiderer track systems have an excellent reputation internationally. Deutsche Bahn AG regularly subjects its goods in to product qualification. Our new plant in Kirchmöser, Brandenburg, which started production in 2003, has now also received Q1 supplier status. This matches all Pfleiderer track systems’ other German plants. Only proven and extensively tested materials subjected to pre-testing from certified suppliers are used in production by Pfleiderer Infrastructure Technology. Independent accredited organizations also test our products, in addition own product monitoring performed at various stages of production. 38
Procurement In order to take advantage of economics of scale, Pfleiderer Infrastructure Technology has bundled demand for raw materials, supplies and services used in production. The objective of its procurement strategy is to tie up as little capital as possible, avoiding high inventory levels, yet at the same time guaranteeing supply certainty for essential materials used in production. Where possible, medium to long-term contracts are signed to cover the supply of standard materials. Its multi-supplier strategy for the main materials and pre-products as well as other items ensures that Infrastructure Technology is not dependent on individual suppliers. Shifting the call-off of raw materials for cement production back to the suppliers has effectively reduced inventory storage time to less than one working day. Higher prices for steel felt during the reporting period were largely alleviated through existing long-term contracts, resulting in only moderate rises in total material costs. 39 MANAGEMENT REPORT BUSINESS SEGMENTS
- Page 1 and 2: Annual Report 2004 Core Businesses
- Page 3 and 4: Group Figures Jan. 1 - Jan. 1 - Cha
- Page 5 and 6: Pfleiderer AG is focusing on its tw
- Page 7 and 8: 3 35 Pfleiderer Engineered Wood fur
- Page 9 and 10: In closing down the Rheda-Wiedenbr
- Page 11 and 12: Dr Jürgen Koch Member of the Board
- Page 13 and 14: Committees Formed by the Supervisor
- Page 15 and 16: CORPORATE GOVERNANCE 1. Introductio
- Page 17 and 18: 4. Supervisory Board The Board of M
- Page 19 and 20: Declaration of Compliance 2004 Unde
- Page 21: Stock Option Program 2004 (Continua
- Page 24 and 25: PFLEIDERER GROUP AND PFLEIDERER AG
- Page 26 and 27: Company Report Corporate portfolio
- Page 28 and 29: In fiscal 2004, the Pfleiderer Grou
- Page 30 and 31: Net indebtedness of the Pfleiderer
- Page 33 and 34: GERMANY GDP in Germany increased by
- Page 35 and 36: y expanding foreign and export rati
- Page 37 and 38: Production Pfleiderer Engineered Wo
- Page 39 and 40: Aside from its leading market prese
- Page 41: Due to its very low construction he
- Page 46 and 47: Research & Development New “Multi
- Page 48 and 49: In September 2004, Pfleiderer appro
- Page 50 and 51: Personnel As of December 31, 2004,
- Page 52 and 53: Pfleiderer Corporate Guidelines for
- Page 54 and 55: Economic and Political Risks and In
- Page 56 and 57: No liquidity risk exists at present
- Page 58 and 59: wodego® is the latest brand in Pfl
- Page 60 and 61: Key Figures 2004 2003 No. of shares
- Page 62 and 63: Investor Relations Activities Indiv
- Page 64 and 65: While the prices paid for paraffin
- Page 67 and 68: TURKEY The Turkish economy reported
- Page 69 and 70: Liabilities and Shareholders’ Equ
- Page 71 and 72: Pfleiderer Consolidated Statement o
- Page 73 and 74: Comprehensive income 69 Other compr
- Page 75 and 76: Infrastructure Technology Consolida
- Page 77 and 78: Scope of Consolidation The consolid
- Page 79 and 80: The activities of the Poles & Tower
- Page 81 and 82: Sales of receivables are treated wi
- Page 83 and 84: Property, Plant and Equipment Prope
- Page 85 and 86: Accruals for Pensions and Similar O
- Page 87 and 88: 1. Liquid funds 2. Securities class
- Page 89 and 90: 7. Intangible assets As in the prev
- Page 91 and 92: 11. Financial liabilities 12. Other
Production<br />
Reduced capital expenditure by Deutsche Bahn <strong>AG</strong> has affected <strong>Pfleiderer</strong> track systems’ domestic<br />
business. However, production in the German plants during fiscal 2004 was also used in<br />
international projects in Taiwan and the Netherlands, as well as for ongoing domestic business.<br />
Production capacity in the plants in Romania and Hungary is fully booked up for around 15 months<br />
following an order taken to modernize rail links in Turkey.<br />
A plant has been set up with a local partner in Taiwan to produce around 125,000 rail sleepers<br />
as part of the Taiwanese high-speed project. As this project has since been completed. The<br />
plant involved has been dismantled and will be used elsewhere in the region for other projects.<br />
The Business Center track systems produced around 1.2 million track sleepers and around<br />
300,000 meters of rail turnout sleepers at its German production plants in Coswig, Langen,<br />
Neumarkt, Gernsbach and Kirchmöser.<br />
As of December 31, 2004, order books for Germany and abroad were full for the next 6 months.<br />
Quality Management<br />
Maintaining constant high standards of quality for all our products is of fundamental importance,<br />
especially for the rail traffic segment. For many years now, <strong>Pfleiderer</strong> track systems has been<br />
applying a quality management system to ensure uniform high quality standards for all its products.<br />
The quality management system itself is also subject to continual monitoring and improvement.<br />
Productivity and the quality of work processes are constantly enhanced as a result of<br />
continual improvement monitoring. The quality management system for central units and production<br />
plants in operation for <strong>Pfleiderer</strong> Infrastructure Technology is certified according to DIN EN<br />
ISO 9001, documenting the high quality standards of our products. Products from <strong>Pfleiderer</strong> track<br />
systems have an excellent reputation internationally.<br />
Deutsche Bahn <strong>AG</strong> regularly subjects its goods in to product qualification. Our new plant in<br />
Kirchmöser, Brandenburg, which started production in 2003, has now also received Q1 supplier<br />
status. This matches all <strong>Pfleiderer</strong> track systems’ other German plants.<br />
Only proven and extensively tested materials subjected to pre-testing from certified suppliers<br />
are used in production by <strong>Pfleiderer</strong> Infrastructure Technology. Independent accredited organizations<br />
also test our products, in addition own product monitoring performed at various stages<br />
of production.<br />
38