Machinery supplier cut its costs and handled the recession well
by Liz White, editor
“We are just on the edge of a certain recovery after a difficult year for all markets in both plastics and PU,” said Marco Volpato, managing director of Cannon SpA.
Despite the difficulties, Cannon “approached this crisis in a very good manner,” and was able to gain good results, Volpato added.
“Historically we consider ourselves no 1 in the refrigeration business, and no 1 in PU in total volume — not necessarily in all fields,” he added. And while Cannon is to some extent dependent on the vehicle business, it is by no means the group’s only outlet.
Cannon’s approach relies on it being present in all sectors, in slabstock foaming, in panels, in CASE (coatings, adhesives, sealants and elastomers). The only PU areas it does not cater for are spray coatings and roof spray foam, the latter still mainly in the US, Volpato said.
The Cannon MD sees the group’s continuing success as coming from three directions: Firstly, in R&D, Cannon is highly motivated to develop new things with “a great interest in innovation across the whole range.” Cannon works with customers, raw materials suppliers, chemical systems producers to combine their competences and develop new equipment to meet specific needs, supporting this work with investment and resources, he said.
Secondly, Cannon is close to its customers, wherever they are. ”In this fragile market, Cannon…