Turnover increases to 780 million euros – Group is even more broadly positioned internationally
Despite a challenging market environment, the surface specialist Schattdecor is posting higher sales for 2019. Thanks to the positive market development in the area of finished surfaces and its two new sites US Coating in America and Vasatech in Malaysia, the Group can look back on sales of around EUR 780 million in 2019 – an increase of EUR 40 million on the previous year, despite a slight decline in volumes in the area of printed surfaces.
Compared to 2018, sales volumes of finished surfaces rose to 730 million square meters from 620 million in 2019.
At the beginning of the year, Schattdecor AG announced the acquisition of US Coating, a US finish foil manufacturer based in Lexington, South Carolina, and Vasatech, a Malaysian impregnator based in Bestari Jaya, Selangor. The company is thus further expanding its presence in North America and Asia.
Viewed globally, the Group will grow to 18 locations in 2019: “We have broadened our base even further,” says Roland Auer, CEO of Schattdecor AG.
Thanks to the positive response, installation of a third impregnation channel could also begin in Malaysia in 2019. Capacity in Lexington, USA, is also to be increased.
In 2019, the expansion of activities in Asia also included the completion of the second Chinese printing facility in Quzhou, where the first roll was shipped last spring. Roland Auer: “With the new building, we are creating the prerequisites to meet the dynamic growth in China and Asia.
Despite all market developments, the Group is positive but prepared for 2020. Roland Auer: “It remains exciting, against the background of certain uncertainties, also with regard to economic and political developments and their possible effects on the industry. In any case, we are facing a sporting competition in 2020. We are well prepared and we are going as a strong, international team, true to our motto ‘One Source. Unlimited Solutions’, into the new year. Our goal is to further expand our total package for our customers and to further strengthen our presence internationally as well”.
