February 20, 2008

Buhler Technology reports 8.5 percent growth in 2007

Buhler Technology Group announced sales of EUR1.1 million (US$1.6 million) in the year 2007, gaining an 8.5-percent increase over 2006 results.

The Group attributed the increase to a sound market environment, although hikes in grain prices and stiff competition in the automotive industry prompted consumers to curtail in their spending.

In Europe, Buhler boosted its order bookings by 15 percent, specifically in East Europe, achieving above-average growth of 20 percent.

Meanwhile, North, Central, and South America increased its order intake by some 24 percent.

In the other regions, the situation was more diverse. In Africa, order bookings declined amidst political and economic turmoil.

Business in the Middle East and in China remained constant. India, on the other hand, improved markedly.

The Buhler Feed Milling business unit supplies complete feed and bio energy manufacturing installations including the associated services.