Grafenberg, Germany – Sales of the Rampf Group, which makes polyurethane resins for a range of applications, reached EUR 183.5m in its 2018 financial year.
This represents an increase of 8.5% on the 2017 figure of EUR 169m.
The company said its production systems business recorded the strongest growth. The business generated sales of more than EUR 50m for the first time. This is an increase of 25%, the company added.
Employment reached 216 people at the division, which now makes it the largest company of the group in terms of staff.
The company said that its Polymer Solutions Business, and its Eco-Solutions, chemical recycling business, also recorded double-digit growth rates.
‘In view of an overall environment that is been quite challenging, we are satisfied with results’, Said Michael Rampf, ceo.
The company said that it did well in China.
‘In the machine systems division, we were able to increase business with both international and Chinese customers’, said Marco Hamacher. Hamacher is managing director of Rampf in China. He added that sales of sealing foam and electro casting resins were also up on the prior year. This was due to increased demand from international customers.
Looking towards the 2019 financial year, the company said it expects consolidated sales to increase by about 8%.