Saurer Posts 2002 Orders, Sales Figures
Saurer Group, Switzerland, announced 2002 orders of textile machinery totaled CHF 1,906 million,
compared to CHF 1,574 million in 2001. Sales decreased to CHF 1,773 million from CHF 1,796 million.
The company credits the order increase to improved Asian business.
In the natural fiber sector, slow order intake and sales early in the year were mitigated by second- and third-trimester increases. Orders and sales in the man-made fibers sector did not pick up until the third trimester, resulting in an 8-percent drop in sales for Barmag, a member of SaurerGroup.
Saurer also announced Klaus Moll, head of Barmag, has retired; and Heinz Bachmann, who supervises the company’s worldwide sales integration, has been nominated for appointment to the management board.