Preh Sets A New Sales Record in 2011
In just over a year after the entry of the Chinese majority shareholder Joyson, Preh GmbH (Bad Neustadt an der Saale) management showed a positive interim balance: the automotive supplier has continued its dynamic growth and achieved a new sales record of EUR412 million in 2011. Compared to the previous strong year, this signifies another increase of 20%.
Operating profit before interest and taxes (EBIT) rose from EUR17.8 million to EUR27.8 million. Besides opening a second Preh plant in Mexico and the successful start of production in the new factory in Ningbo, China; ...