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Polytec Expands Capacities after Strong First Half of 2011

Published: August 3, 2011; 12:17 · (Vindobona)

The Austrian component supplier achieved significant growth in earnings and is going to invest in its core competences. The group will acquire PPI Plastic Products Innovation GmbH & Co KG.

Polytec Expands Capacities after Strong First Half of 2011 / Picture: © Polytec

In the first half of 2011, the Polytec Group reported an increase in sales of 10.8% to € 405.4m, which is still attributable to the consistently positive performance of the European automotive industry. Sales volumes of the most relevant customers in the passenger car and in the commercial vehicle sectors recorded strong growth rates in the first six months of 2011. The sales figures…

This article includes a total of 482 words.

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