Industry News

DELO reports strong growth 25 May 2017

DELO Industrial Adhesives reported strong growth in its year to 31st March 2017. Sales rose to €95 million, increasing 18% over the previous year. The company’s growth drivers, with clear double-digit numbers, were again the automotive industry, electronics and aviation.

Revenues from overseas rose in particular, with China rocketing by 67% – replacing Germany as the company’s most important market. DELO generated 73% of its total sales outside Germany.
“For many years, China was our second largest market and it was only a question of time until it caught up with and surpassed Germany,” says Dr Ing Wolf-Dietrich Herold, managing partner of DELO. “The fact that we were able to enjoy such strong gains is due not only to our excellent positioning, of course, but also to the favourable economic situation in our focus industries.”
DELO employs 560 people, 500 of whom work at the company’s headquarters in Windach, Germany. The company has plans to add a further 100 jobs this fiscal year. Responding to its growth needs DELO recently completed a new 4,600m² administration building. It is also investing in the expansion of its chemical synthesis capacity, so that there will soon be three times as much space available for manufacturing raw material.
Investment in research will be maintained at 15% to sales, five times higher, says DELO, than the industry average. More than 30% of sales originate from products that were only developed in the last three years.

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Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.

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