Streamlining of the business portfolio: Sale of the Glass Processing segment completed

Zurich, April 1, 2019 – Conzzeta has reported that it has completed the sale of the Glass Processing segment to the finnish Glaston Corporation, which was announced on January 25, 2019. 

The change of control will take place on April 1, 2019, with the corresponding deconsolidation. Dr. Burghard Schneider will leave the Conzzeta Executive Committee.

According to Michael Willome, Conzzeta Group CEO: “The improvement in operating performance in the Glass Processing segment over the last years deserves the highest accolades. We would like to thank Dr. Burghard Schneider, his management team and all the employees for their successful work and wish them every success for the future.”   

In 2018, the Glass Processing segment contributed CHF 133.3 million or 7.5% to Conzzeta’s Group revenue. With the conclusion of the transaction, Conzzeta expects a substantial divestment gain for the first half of 2019.


 

Conzzeta to focus on Bystronic

Zurich, December 9, 2019 - The Board of Directors of Conzzeta AG has decided that the Group’s future focus will be on the Bystronic business unit. There are plans to speed up the expansion of its strong market position in global sheet metal processing with a focused growth strategy. The other business units are to be divested step by step within the period of a year, market conditions permitting.

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FoamPartner: New Converting Center for Technical Foams

Wolfhausen, November 15, 2019 – FoamPartner Fritz Nauer AG, with headquarters in Wolfhausen (Switzerland), is building a converting center for industrial foams at the company’s site in Duderstadt (Germany). The new center is scheduled to go on-stream in the first half-year of 2020 and will lead to the creation of several new jobs.

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Interim information as of the end of Q3 2019: Revenue lower in Q3 – orders at previous year’s level

Zurich, October 16, 2019 – The Conzzeta Group posted net revenue of CHF 1,136.5 million for the first nine months of 2019. On a comparable basis, i.e. at stable exchange rates and taking into account changes in the scope of consolidation, revenue fell by 7.0%. Order intake in the Sheet Metal Processing segment came to CHF 693.5 million, which was an 8.4% drop compared to the previous year.

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