Interroll aims big after posting robust growth
Print Edition
AFTER reporting strong growth, Swiss-based Interroll plans to expand its operations in China with growth and acquisitions, its chief executive said yesterday.
Interroll sells products such as rollers, drives and conveyors to delivery firms, airports and food processors. The company boosted its China sales by 61 percent in the first half, CEO Paul Zumbuehl said on Wednesday. Global sales grew 9.1 percent in the same period.
Interroll does not reveal its country by country sales but Zumbuehl said Asia accounted for about a fifth of its global sales.
The company counts big names such as China Post, Coca-Cola and China Tobacco as customers, and Zumbuehl said it will seek both organic growth and acquisitions that could bring “complementary products and technology.”
Interroll recently signed a deal to buy Guangdong Province-based Pert Engineering, a Chinese maker of conveyor belts for airport, post and logistics customers with annual sales of about US$4 million in 2013.
Interroll said the deal holds great potential because the worldwide market for airport baggage handling systems is projected to grow at an annual rate of 8 percent from 2013-to-2018.
By acquiring Pert, Interroll can gain manufacturing capability and also access related service and replacement parts business across Asia Pacific.
Ben Xia, Interroll’s Asia chief, China itself plans to boost the number of airports to 230 by the end of next year by adding nearly 80 airports between 2011-2015. “We believe the airport construction boom in China will continue beyond 2015,” Xia said.
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