As in 2012, the order intake by the SMS group will be below target for 2013. A net result well short of the previous year is anticipated. Just like last year, order intake has fallen behind the forecasts. So once again, the company has to be ready for under-utilization of capacity in some areas in 2014.
This year, the number of employees including apprentices increased to some 14,000 (2012: 11,822). The reasons are the first consolidation of Paul Wurth as well as takeovers of a few smaller companies, but also new jobs in China and India.
To ensure high quality, SMS remains committed to producing the most complex components of its machinery and plants in Germany. That’s why the company invested heavily over recent years in upgrading its facilities in Hilchenbach and Mönchengladbach. Yet, parallel to these measures, it also expanded its production capacity in China. The focus here is on the provision of better customer services locally and the construction of machines specifically designed for the Chinese market. It is a similar picture on the Indian market, where another workshop is currently under construction and scheduled to start operations in 2014.
The SMS group has identified a surge in demand for green technology solutions, meanwhile also a big issue on the Chinese market. The same goes for small revamps with short return-on-investment periods.
