Switzerland'S Recovery Of Profitability In The First Half Of 2010
Switzerland
Lida Group Limited reported that orders grew by 92% in the first half of 2010, and sales increased by 34%.
Textile sector
All have returned to profitability.
According to the company, the first half of the year
textile industry
The investment environment has been greatly improved, and the market has resumed. Because of yarn demand and yarn price growth, raw material prices are increasing at a relatively low level, and the demand for factory renewal and investment is huge.
In the first half of 2010, orders for Lida textile system reached 738 million 600 thousand Swiss francs, an increase of 290% compared with 2009 orders, and an order of 189 million 600 thousand Swiss francs in 2009.
Orders for short staple fiber machinery and technology components increased the most.
Most of the orders come from Turkey, India and China, although Indonesia, Korea, Bangladesh and Pakistan have a large number of customers.
American and Brazil customers also placed orders.
Most of the investment in the second half of 2009 was mainly for factory replacement, and the new installation investment increased significantly in the first half of 2010.
The increase of orders will lead to higher capacity utilization and longer delivery time.
At the end of June, Lida stopped all short-term work of textile system factories.
Compared with 249 million 500 thousand Swiss francs sold in the first half of 2009, sales increased by 30% to 324 million 600 thousand Swiss francs.
Sales in Asia increased by 65% over the same period last year.
The operation of the textile system has improved slightly, an increase of 2 million Swiss francs, mainly due to the restructuring of the company in the first half of the year and the implementation of the cost reduction plan.
In order to focus on the core business of the textile sector, Lida sold the Perfojet S.A.S, a non manufacturing fabric business in France, to Austria Andritz K sters sters, which was sold in the first quarter of 2010.
India's capacity continues to expand, and the company plans to continue expanding the product range of India and China to enhance its competitiveness in the Asian market.
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