For several decades now, Treibacher Industrie AG's company's figures have shown the company to be a consistent top performer.
The weak global economic activity in 2016 had a negative impact on the local economy and meant that our company also faced major challenges yet again.
Due to the high availability and lower demand in the first three quarters of 2016, the prices for the raw materials purchased by us were also low, and therefore also the retail prices we were able to charge for our products. In the 4th quarter of 2016, the demand grew considerably stronger again and the retail prices of our products therefore also went up.
However, due to our broad range of products, geographic market diversification, and, last but not least, our competitiveness at an international level, all business divisions have again contributed substantially to our good results.
As in 2014, our subsidiary Leuchtstoffwerk Breitungen GmbHcontributed almost 10 million euros in sales to our overall results.
At the beginning of 2015, our vacuum alloying operation, Treibacher Auermet d.o.o, in Ravne, Slovenia, was sold to a longstanding customer.
In November 2015, we acquired Tribotecc GmbH together with our parent company Treibacher Industrieholding GmbH.
Tribotecc GmbH is a worldwide leading manufacturer of metal sulphides. Tribotecc products are used in friction lining, lubricants for cutting and grinding disks. The company has a production site in Arnoldstein/Austria, company headquarters in Vienna, and a worldwide network of distribution partners. Tribotecc has approximately 80 FTEs and generated sales of almost 73 million euros in 2015.
Our company is well equipped for the future due to our long-term investments in the future, our excellent position in the market due to a broad portfolio of products, and backed by systematic research and development where innovative products are continually developed.