PETpla.net Insider 09 / 2012

NEWS 9 PET planet insider Vol. 13 No. 09/12 www.petpla.net Krones unveils half-year figures and confirms targets for 2012 With the figures for the first half of 2012, Krones is improving its consolidated earnings. Sales in the first six months of 2012 were up by 2.6% on the preceding year’s equivalent figure, from €1,257.5 to €1,289.7 million. Sales growth is predicted to accelerate during the year’s second half. Whereas sales in Europe fell slightly, the company’s turnover outside Europe rose by 8.6% on a like-for-like basis. In all, during the first half of 2012, Krones achieved just under 62% of its consolidated sales outside Europe. From January to June 2012, Krones received orders worth €1,327.8 million, up by 0.3% on the preceding year. Orders on hand effective 30 June, 2012 totalled €980.4 mil- lion (preceding year: €974.6 million). Earnings before taxes (EBT) were after six months down on the preceding year’s high level, decreasing by 7.5% from €69.2 to €64.0 mil- lion. The EBT margin came to 5.0% during the year’s first half (preceding year: 5.5 %). After taxes, during the first six months of 2012 Krones earned €44.2 million, 10.2% less than in the preceding year’s equivalent period. Earnings per share fell from €1.62 to €1.47. About 60% of the company’s consolidated turnover comes from emerging markets. On the basis of trends in the company’s markets and the uncertain macro-economic prospects, Krones anticipates that its turnover will rise by up to 4% in 2012 compared to the pre- ceding year’s figure. Krones is aiming in 2012 for a substantial increase in consolidated earnings compared to the previous year. According to Krones, earnings in the second half of 2012 are set to significantly exceed the preceding year’s figure for July - December. The EBT margin should exceed 5% over 2012 as a whole (preceding year: 3.0%). www.krones.com Manjushree Technopack sets up 3 MW wind power plant in Karnataka Bangalore based packaging major Manjushree Tech- nopack has set up a wind power plant, in Chikkodi town, Belgaum, Karnataka. The 3 MW plant is fully operational and is Manjushree’s first investment in a power project. The company has invested Rs. 20 crore (US$ 3.58 mil- lion) in this project. Wind energy company Gamesa is responsible for the construction and maintenance of the project. Karnataka holds the third favourable position in the country for wind based power projects. Speaking about the wind power project, Managing Director, Mr. Vimal Kedia said, “We plan to increase the capacity to 8 MW by next year and 20 MW in the next five years.” Currently the power generated is being used for cap- tive consumption. Manjushree Technopack Ltd crossed the Rs. 300 crore (US$ 53.8 million) mark in the year 2011-2012, closing with a turnover of Rs. 310 crore (US$ 55.6million). The company has also committed invest- ments of Rs.150 crores (US$ 26.9) for two new green- field facilities, at Bidadi and Harohalli industrial areas, in Bangalore. The facility at Bidadi is under construction and will be operational by October 2012. www.manjushreeindia.com