Collano Group: Semi-annual report 2011
The Collano Group, the adhesives specialist headquartered in Sempach Station near Luzern, generated sales of CHF 60.1 million (previous year CHF 61.3 million) in the first half of 2011. This corresponds to a decline of 2%. The Group expects the 2011 fiscal year to close with a sales and EBIT decrease versus the prior year. The constant demand for specialty adhesives in the industrial markets is reassuring. However, the strong Swiss franc and rising raw material prices will have a heavy burden on the consolidated result.
Markets
Demand in the international industrial markets is brisk. Specialty adhesives for applications in technical textiles, automotive interiors, and airbags are gaining momentum. The demand for adhesives in the domain of energy generation, for instance in photovoltaics and wind power, is picking up as well. The advance in specialty adhesives sales for construction applications also remains robust. The new "Engineering" unit, through which Collano Group member nolax offers counsel and services in bonding technologies, is making encouraging progress.
Purbond joint venture
Collano has transferred its 50% interest in Purbond to Henkel. Effective April 1, Henkel became the sole owner of Purbond, previously operated as a joint venture by Collano and Henkel.
Expansion of the Schmitten plant
The sizeable demand for adhesive films has prompted Collano Services Extrusion AG in Schmitten to expand its production capacity. Plans are underway to add a new extrusion system for the production of multi-layer adhesive films and to build a new warehouse. The investment involved amounts to approximately CHF 11 million. The project is scheduled to be completed by mid-2012.
Collano Group
The Collano Group is an independent specialist for adhesive and bonding systems headquartered in Switzerland (Sempach Station). Worldwide, the Group employs 328 persons at sites in Switzerland, Germany, France, and the USA. Sales in 2010 closed at CHF 118 million.
The Collano Group is an independent specialist for adhesive and bonding systems headquartered in Switzerland (Sempach Station). Worldwide, the Group employs 328 persons at sites in Switzerland, Germany, France, and the USA. Sales in 2010 closed at CHF 118 million.nolax | The first knowledge and innovation resource for radical system developments in bonding technology. nolax implements new concepts with surprising material and technology combinations focusing on the automotive, construction, medical, and security segments.
Collano Adhesives | The company for the refinement and distribution of Collano’s specialty adhesives for industrial and commercial applications with a focus on Construction, Composites, Label/Tape/Packaging, Protective Systems, Technical Textiles/Apparel, and Foams.
The company for the refinement and distribution of Collano’s specialty adhesives for industrial and commercial applications with a focus on Construction, Composites, Label/Tape/Packaging, Protective Systems, Technical Textiles/Apparel, and Foams.Collano Services | The service provider within the Collano Group. Specialized in production, process technologies, logistics, and further services in the domains of finance, accounting, human resources, information technologies. In the Swiss town of Schmitten, Collano Services produces adhesive films for industrial customers. Applications include automotive interior linings, airbags, and technical textiles.
The service provider within the Collano Group. Specialized in production, process technologies, logistics, and further services in the domains of finance, accounting, human resources, information technologies. In the Swiss town of Schmitten, Collano Services produces adhesive films for industrial customers. Applications include automotive interior linings, airbags, and technical textiles.