Partek’s container-handling equipment subsidiary Kalmar Industries has reported net sales up 15% to $676m for 1998 and operating profit up 18% to $36m. Net profit was $21m.
An improved result in Europe, which accounted for 53% of turnover, compensated for a 4% fall in Asia Pacific sales. Asia Pacific now accounts for just 7% of group sales. Highest increase within the group was the Terminal Systems division, which saw sales rise 31% to $162m.
Kalmar has marked completion of its merger with Sisu Terminal Systems by opening a new facility in the UK. The 7,300m2 headquarters includes a workshop (with a 15m by 6.5m spray booth) and administration and sales offices.
Emphasis is on customer support and Kalmar claims that 85% of parts can be supplied from stock. There is an overnight delivery service from Sweden and Finland and regular deliveries from the USA.