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October 31. 2017

Change in the Executive Committee: Michael Riedel named new CEO of FoamPartner

Zurich, October 31, 2017 – The Conzzeta AG Board of Directors has appointed Michael Riedel as the new CEO of FoamPartner. He will assume the position on January 1, 2018 and will join the Conzzeta AG Executive Committee.

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October 11. 2017

Qualitatively deficient raw material delivery: Partial production and delivery suspension at FoamPartner

Zurich, October 11, 2017 – Conzzeta confirms that BASF’s deficient raw material deliveries also affect their FoamPartner business unit. In order to protect employees, customers and consumers from possible health risks, production and delivery was suspended at the Wolfhausen site on 6 October 2017. The reason for this is that BASF has supplied the plastic precursor product toluene diisocyanate (TDI) with an excessively high proportion of potentially harmful and polluting substances. The financial impact of these necessary measures cannot yet be estimated, but should be largely covered by the supplier or by existing insurance policies. 

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September 01. 2017

FoamPartner: Conzzeta closes agreement to acquire Otto Bock Kunststoff

Zurich, September 1, 2017 – Conzzeta announces the closing of the agreement to acquire Otto Bock Kunststoff. Following the announcement on July 21, 2017, Conzzeta assumed full control as per September 1, 2017, with corresponding first-time consolidation.

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August 11. 2017

Half-Year Report at June 30, 2017: Higher profit – good order intake sustained

Zurich, August 11, 2017 – In the first half of 2017, the Conzzeta Group generated net revenue of CHF 625.9 million, up 19.3% year on year, with order intake remaining strong. The operating result increased by 46.5% to CHF 38.3 million, with an EBIT margin of 5.8% (previous year: 4.8%). The Group result amounted to CHF 30.0 million, a rise of 44.0% on the previous year's level.

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August 11. 2017

FoamPartner: Conzzeta sells stake in US joint venture

Zurich, August 11, 2017 – Conzzeta announces the sale of its 51% stake in the US joint venture Woodbridge FoamPartner Company, Chattanooga (TN, USA) and the signing of a supply contract with The Woodbridge Group. This move will simplify access to the North American market for the FoamPartner business unit.

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July 21. 2017

FoamPartner: Conzzeta acquires Otto Bock Kunststoff

Zurich, July 21, 2017 – Conzzeta announces the signing of a binding agreement for full acquisition of Otto Bock Kunststoff. Completion of the deal is expected in the second half of 2017, subject to regulatory approval.

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June 19. 2017

Conzzeta expects strong result for first half of 2017

Zurich, June 19, 2017 – Conzzeta announces a sustained strong performance for the first half of 2017. The robust performance seen in the second half of 2016 has been maintained, especially by the Sheet Metal Processing business unit and in Asia by the Group as a whole.

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March 21. 2017

Annual Results 2016: Accelerated growth and higher operating result

Zurich, March 21, 2017 – In an uneven operating environment, the Conzzeta Group generated revenue growth of 6.4%. The operating result (EBIT) was CHF 84.4 million with an EBIT margin of 6.9%, after CHF 75.9 million and 6.7% respectively on the continued business in 2015. Return on net operating assets (RONOA) was 15.6% (previous year: 13.4%). keyboard_arrow_right

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