Focus on increased system efficiency in Process Technology
Wieland Thermal Solutions at the ACHEMA 2018, hall 6.1, booth C4
From 11th to 15th June the Achema, the World Forum and Leading Show for the Process Industries, will take place in Frankfurt. At booth C4 in hall 6.1 Wieland Thermal Solutions will be presenting current solutions for system efficiency increase in the oil, gas and petrochemical industries as well as in power plant engineering.
Efficient and economical solutions for water heating and air conditioning
From March 13 - 16, "Wieland Thermal Solutions" presented its new products at the Wieland Group stand at this year's Mostra Convengno Expocomfort in Milan. For the first time, Wieland Thermal Solutions presented the proven medium-high finned tubes of the GEWA-D brand made of carbon steel for cost-effective and energy-efficient water heating and solar supply. Solutions for greater efficiency in heat pump systems and a special heat exchanger for boat air conditioning were also exhibited. As a further innovation, highly enhanced titanium tubes were presented that offer maximum reliability in all water qualities and enable significantly higher energy efficiency and a more compact design for shell-and-tube heat exchangers.
Wieland posts record results and expects further profitable growth
In the fiscal year 2016/17 (1 October 2016 to 30 September 2017), the Wieland Group’s sales volume rose by 5 percent year-over-year to 485,000 tons. The main growth drivers were the sales markets in Europe and China. Due to strong market demand and a copper price level, total sales increased by 18 percent to 3.0 billion Euro (previous year: 2.5 billion Euro). The operating profit (EBITDA) reached a record level of 190 million Euro, an increase of 16 percent versus the previous year (164 million Euro). The improvement was driven by a higher value-added product mix, increased sales volume as well as operational efficiency gains. The development of foreign currencies, in particular the declining USD, impacted results negatively.
The acquisition of the flat rolled products division of Aurubis positions the Wieland Group as a global partner for its customers
Partners signed binding term sheet
Acquisition will require approval of anti-trust authorities
Global business growth driven by digitalization, connectivity and mobility trends
Wieland and Aurubis signed a binding term sheet with the objective to integrate the global business unit Flat Rolled Products from Aurubis into to the Wieland Group. Following the completion of the sale and purchase agreement in the next few weeks, the proposed transaction will require clearance from several antitrust authorities.
For the Wicoatec coating technology, the Wieland Group receives EUR 350,000 from the Federal Environment Ministry (BMUB) for the implementation of an innovative coating concept under the Environmental Innovation Program.
The newly interpreted process, which is based on a CVD (chemical vapor deposition) process, reduces the amount of process chemicals required and significantly reduces energy consumption.
The Wieland Group also regards this project funding as recognition of its long-standing efforts to invest in innovative technologies and increase energy efficiency.
The BMUB has published a separate press release on this funding project. Further information about Wicoatec can be found at wieland. com/coatings.