‘Pleasing’ development in glass market boosts Emhart sales

  

An upturn in the glass forming and inspection markets boosted Bucher Emhart Glass sales.

Compared with the same period a year ago, order intake at Bucher Emhart Glass showed an improvement in the first half of 2017.

In its first half 2017 financial report it said the important European market remained at a high level. Demand for systems for the glass container industry increased in Central and South America as well as large parts of Asia.

The Chinese market recovered slowly, but remained at a low level. Demand for spare parts and the service business for glass forming machinery rose in all regions.

It stated though that the increase in sales was less marked because many of the orders taken are not due for delivery until the second half of this year.

It said: “The first half of 2017 saw a pleasing development of the market for glass forming and inspection machinery.”

The restructuring of Sanjin, initiated the previous year, went according to plan in the first half of 2017, but resulted in one-off costs of CHF2 million in connection with inventory valuation adjustments.