"This year again, we can report pleasing growth rates" says Dr.-Ing. Wolf-Dietrich Herold, Managing Partner at DELO. Sales revenues totaled EUR 44.2 million, representing an increase in sales revenues of EUR 3.5 million compared to the previous year.
Growth in Germany and abroad
"The increase in sales by 8.3 percent in our home market in Germany is also encouraging", adds Dr. Herold. Sales revenues abroad could be increased by 8.8 percent and now represent 58.6 percent of total sales revenues. Growth was mainly achieved in Asia. Sales growth in China amounted to 13.4 percent.
Business also went well in the USA. "We grew our sales by 21.4 percent". In 2008, DELO founded its own US subsidiary, DELO Industrial Adhesives LLC.
The company’s growth is also reflected by the number of employees. Today, DELO employs a total of 300 people (FY 10/11: 265 employees). Most new people were employed in the divisions of Laboratory/Engineering and Production. DELO is planning to hire another 80 employees in Germany and abroad in the coming 12/13 fiscal year.
Focus on Germany as a location
DELO is still committed to Germany as a business location. The building of the pilot plant, on which own raw materials are synthesized, was successfully completed and put into operation. Furthermore, the new laboratory building is ready to move in. Production and development of the high-tech adhesives for a wide range of industries, including automotive supply, microelectronics as well as card and display industry will exclusively remain in Windach.