Container glass forming group Bucher Emhart Glass has reported weakening market demand.
In its financial note for the financial year 2023, it said while demand for glass forming machinery and inspection machinery remained strong, its order intake had fallen as a result of weakening market momentum.
It emphasised though that demand in previous recent quarters had been at a very high level.
Order intake was down by 10.1% in 2023 compared to 2022 to CHF520 million ($602 million) from CHF578 million ($669.7 million) the year previously.
It said: “Towards the end of 2023, however, a slowdown became apparent. Bucher Emhart Glass's order intake fell but was still at a very high level.”
It said the trend towards AIS glass container forming machines continued, with many new orders received for this type of machine.
Energy-efficiency considerations and a shortage of skilled labour also encouraged plant operators to equip their glass container forming plant with technologies from Bucher Emhart Glass.
Capacity utilisation continued to be strong, and sales were maintained at the same high level as in the previous year.
The operating profit margin is expected to slightly exceed the high level reached in 2022.
30.01.2024, Bucher Emhart Glass
此网站新闻材料的版权属于公司或第三方的新闻提供者，其所有权利保留。所有新闻材料对其访问者只能限于其本人使用，并且使用此材料的风险由其使用者独自自行承担。严禁对新闻材料进行再次发布和其它商业利用. 作为商业贸易的用途。如果新闻材料由第三方提供，当应用此新闻材料时，每个使用者都同意遵守，并且受此特定的项目的约束。Glass Global并不代表及认可新闻材料中所包含的内容及新闻中的外部网站的内容的准确性及可靠性。
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.