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Sales [EUR in millions] |
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Orders received [EUR in millions] |
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Voith Paper - Data |
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Paper and board production increased sharply in the 2010/11 fiscal year. In Asia and South America, growth related to all types of paper; in North America and Europe, by contrast, packaging, tissue and special-purpose papers saw growth, while the market for graphic papers shrank. Paper manufacturers invested heavily in new plants. Demand for consumables, replacement parts and services also rose. While all regions saw growth, in North America this was weaker than in the other regions. The growth drivers were South America and Asia, particularly China.
Voith Paper increased its sales in the year under review by 6% to €1 827 million (previous year: €1 723 million). Once again, Asia accounted for the largest share. Europe and the Americas also contributed significant shares of sales.
Orders received remained very encouraging. In the period under review, Voith Paper won new orders totaling
€2 005 million. Orders received are therefore roughly at the high level of the previous year (€2 009 million).
In line with the positive economic development, Voith Paper created 584 new jobs in the year under review. As at September 30, 2011, Voith Paper had 9 937 employees, 6% more than in the previous year (9 353). New hires at our Chinese location Kunshan particularly contributed to this growth. New jobs were also created in Germany and South America.
Following limited investing activity aimed at improving liquidity in the previous year, Voith Paper stepped up its capital expenditure in the 2010/11 fiscal year at a greater rate than the increase in sales. Voith Paper invested a total of €75 million in property, plant and equipment in the year under review (previous year: €52 million), 42% up on the previous year. |
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