Trimet grows and focuses on more flexible production
During the 2015/2016 financial year (30 June) Trimet Aluminium SE increased sales of aluminium products. At eight sites its roughly 3,000 employees produced about 775,000 tonnes of aluminium and cast products – five percent more than the previous year. The Trimet Group concluded the financial year with a group turnover of 1.7 billion euros. To supply the expected increase in demand for high quality aluminium products and to try out making the production process more flexible, the materials specialist continues to invest in sustainable growth in the current financial year. With an equity ratio of 60 percent, the family-operated company has a solid foundation for its plans.
The aluminium smelters, foundries, and remelting plants were working at full capacity during the 2015/2016 financial year. The expansion of production capacity and the modernisation of the plants, into which the family-operated company invested a total of 84 million euros, played an important role in this. Despite the persistence of low aluminium prices on the world market, the Trimet Group still achieved an adjusted result of 63 million euros – a slight improvement on the previous year. The increase in production volumes at Trimet's sites in France contributed strongly to this.
"We are continuing our path of qualitative growth. With ongoing investments at all production sites we are preparing for further increases in demand for aluminium and constantly improving our production efficiency. By continuing to develop the production facilities and more closely integrating our sites, we can be more flexible when it comes to supplying current demand, and we can secure jobs in the long term and retain our position as supplier of high quality aluminium products for all phases of the material chain," says Dr. Martin Iffert, Chairman of the Executive Board of Trimet Aluminium SE.
Trimet intends to invest considerably in the modernisation and optimisation of its production facilities in the current financial year, too. "We have virtually completed the integration of the sites we acquired in recent years," says Iffert. "Now, in addition to the ongoing optimisation of the production facilities and material development, it is time for further development of the manufacturing process."