Collano Group: Firm Swiss franc burdens financial 2011 results

Sempach-Station, (PresseBox) - The Collano Group, the adhesives specialist headquartered in Sempach Station near Luzern, reports a mixed outcome for financial 2011. Sales declined by 5% to CHF 112 million (previous year CHF 118 million), and operating profit (EBIT) decreased by 31% to CHF 4.3 million (previous year CHF 6.2 million). The strong Swiss franc had a negative impact on the result.

The demand for specialty adhesives in the industrial markets was brisk. The positive market trend was upset by the overvalued Swiss franc, which had an adverse effect on prices and earnings. For Collano, as an export-oriented group of companies, the impact of the foreign exchange rates was massive. The countermeasures that were initiated, such as export price adjustments and a focus on high-margin segments, merely softened the impact but could not compensate it. The worldwide workforce grew from 328 to 333 persons. The number of occupational trainee positions was 25

(previous year 22). CEO Stefan Leumann: "We have to be content with financial 2011, because the very strong Swiss franc imposes a considerable burden on us as an export-oriented business. The alignment of the Group factors in this situation. The magnitude of the impact experienced in 2011 reaffirms the adequacy of our strategy."

The Collano Group is strongly focused on specialty businesses. Collano Adhesives concentrates on the development and market introduction of innovative specialty adhesives for industrial applications.

To sharpen this alignment, it sold the commercial flooring adhesives segment to Uzin Tyro AG in Buochs effective February 1, 2012. nolax is specialized in the development of new adhesives applications and markets as well as in neutral consulting services and adhesives engineering. Collano Services is evolving toll manufacturing as a strategic activity, more and more often leveraging its adhesives manufacturing expertise for third parties. Long-term development and innovation projects, many in cooperation with national and international industrial and research consortia, are also embedded in this strategy. The Group already had the foresight to reposition itself this way three years ago. It was a prudent policy as evidenced by the current situation which would have been much more incisive without specialization.

Film technology with potential

With respect to market demand and innovation potential, the key driver in the year under review was the technology of thermoplastic adhesive films. Three of five nolax startup projects relied on film technology. Collano Adhesives encountered the greatest demand in the domain of adhesive films. At its Schmitten site, Collano Services is expanding its capacities for the Group and for third parties with a new 5-layer blown film extruder as well as with a new warehousing and logistics building. Thermoplastic adhesive films, adhesives off the roll, so to speak, are ideally suited for industrial production processes and are deployed in a wide variety of applications: Production of airbags, automotive interiors, the solar industry, the medical industry, technical textiles and garments, as well as security bonds, for instance for chip cards. The advantages of thermoplastic adhesive films are residue-free processing, simple handling, and interesting technical options. An adhesive film can consist of up to five ultra-thin layers that make it possible to bond materials in one pass for which several steps were formerly necessary. When hybrid components consisting of plastics and metals are manufactured, for example, this may require joining incompatible surfaces, resulting in stresses within the composite. Multilayer adhesive films can be reconciled with different surface properties.

Additionally, integrated special-purpose layers can handle extra functions such as neutralizing stress or absorbing vibrations. Thermoplastic adhesive films open up countless applications and overcome the limits of materials.

Collano Adhesives AG

The Collano Group is an independent specialist for adhesive and bonding systems headquartered in Switzerland (Sempach Station). Worldwide, the group employs 333 persons at sites in Switzerland, Germany, France, and the USA. Sales in 2011 closed at CHF 112 million. The Collano serves its markets with three independent companies.

nolax | The first knowledge and innovation resource for radical system developments in bonding technology. nolax implements new concepts with surprising material and technology combinations focusing on the automotive, construction, medical, and security segments.

Collano Adhesives: Collano Adhesives │The company for the refinement and distribution of Collano's specialty adhesives for innovative applications. Specialized in sophisticated, customized adhesive bonds with a focus on construction, textiles, labels/tapes/packaging, protective systems, and foams.

Collano Services: The service provider within the Collano Group. Specialized in production, process technology, and logistics as well as complementary services in the domains of finance, accounting, human resources, and IT.

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