NGR hits sales of EUR38 mn
The financial year 2014/15 (closing date: April 30, 2015) has shown satisfying results for Next Generation Recyclingmaschinen (NGR) – having achieved its sales targets and a turnover of EUR38 million. The Austrian recycling equipment maker says that despite an unfavourable investment environment sales and commercial performance increased.
This past financial year 2014/15 was marked by good to very good demand in the first half year. The second half year followed by cooling down due to delayed investment decisions and therefore extended lead times. Even though the market conditions have been unfavourable, sales volumes developed according to plans. The total number of systems in operation worldwide thus rose to more than 800, says NGR.
The company also says its new PET-improvement process LSP (Liquid State Polycondensation) builds the basis of the machine series P:REACT. The first machine was installed at a PET-fibre manufacturer. Two further machines recently were ordered – one for PET-sheet recycling and one for PET-carpet recycling, both in the US.
"The success of this market introduction is directly linked to our permanent strive in meeting the demands of the plastic recycling industry and demonstrates the enormous innovation power of NGR," states Thomas Pichler, CTO of NGR. He adds that P:REACT improves the properties of PET in a continuous process within minutes (controlled IV-improvement, decontamination to 100%-food contact).
NGR also owns lab equipment maker Dr Collin, with its medical lines actively pushing developments in the sector of life science with production lines for medical engineering.
NGR exports almost all of its output, has 120 employees and offices in China, Malaysia and the US.
(PRA)
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