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20
'09
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REDEX
Redex continues to demonstrate its strong economic health
Despite the economic difficulties currently facing the industrial sector, Redex, a mechanical transmission and fine metals equipment specialist, will see 2009 revenues that will equal or better 2008’s exceptional numbers
Revenues for 2009 are expected to clock in at around 43 M€ with profitability nearing the company’s historical average. Such results are practially unique in today’s industrial sector which is suffering under a drop off in activity in both the US and Europe.
Redex, under the stewardship of Stanford-educated engineer Bruno Grandjean, who is also the grandson of Redex founder Paul Defontenay, the company has been engaged in an industrial and technological transformation over the past several years. The plan, based around the three basic principles of innovation, learning and investment, has increased Redex’s high-technology profile.
One direct result of this transformation has been the diversification Redex has achieved in terms of products and markets and which has proved itself to be a considerable asset in managing the company these past few years.
The company’s revenues doubled between 2004 and 2008, from 22 to more than 43 M€ in 4 years.
Over the same period, its exports grew from 55% to 81%.
Based on this international dynamic, export investments have been increased with the opening of a subsidiary in Shanghai that includes the current office and a service center to ensure that our Asian clients (25% of Redex revenues) have the necessary local offers in order to better and to maintain their production equipment. The Asian service center is in addition to those that already exist in the US and in France.
2008 will continue to hold a revenue record for Redex (+10% versus 2007) as well as a profitability record (net earnings up by 63%). These results are largely explained by Redex’s growth in international markets with sales in more than 50 countries.
Product development and tool modernization have also greatly added to the strong figures. New product ranges DRP/KRP (training for machine tools) has grown 50% over 2008.
Results have also been strongly supported by the myriad orders Redex has received in its fine metallurgy equipments business.
Bruno Grandjean, C.E.O. of REDEX, says : « Our products are in tune with the needs of the market. We invested the equivalent of 10% of our revenues each year. This has been achieved by self-financing and we are also continuing to develop new products. Despite these expenditures, our financial health is excellent. We will celebrate our 60th year in 2009 having kept our shareholder base entirely within the family. Redex is known as a particularly faithful partner by machine tool builders and metallurgists all over the world. ».
Thanks to these excellent results, Redex confirms its desire to continue its totally self-financed fruitful and selective investment strategy (9 M€ in just over 2 years), in order to accompany the evolution of mix products which will help to confirm the company’s status as a leader in the high-performance machine tool transmissions domain.
At the heart of this is the betterment of industrial processes and the optimization of internal and external logistics which allow for a reduction in the need to stock products while also increasing the quality of Redex products and their delivery time
.
In Korea and Japan, the company has seen great progress with mechanical transmission products.
In Korea, REDEX-ANDANTEX has several key clients: HNK (DualDrive Size 5 for large machines), HANKOOK (DualDrive Size 3) and KIHEUNG (DualDrive Size 3).
In Japan this month, REDEX-ANDANTEX had its first orders for HOMMA MACHINERY Co (http://www.homma-machinery.co.jp/html_e/home/index.html) and
MITSUBISHI HEAVY INDUSTRY Ltd
(www.mhi.co.jp/en/products/category/large_machine_and_machining_center.html) with very interesting prospects for development.
The official agent of REDEX-ANDATEX in Japan is:
S and F
2-1-13 Higashikamata
Ohta-Ku 144-0031 TOKYO
JAPAN
T. +81 3-5714-5050
F. +81 3-5714-5066
Website : http://www.sandfinc.co.jp/
Contact:
Shiraoka Kasumi
This email address is being protected from spambots. You need JavaScript enabled to view it.
Redex, under the stewardship of Stanford-educated engineer Bruno Grandjean, who is also the grandson of Redex founder Paul Defontenay, the company has been engaged in an industrial and technological transformation over the past several years. The plan, based around the three basic principles of innovation, learning and investment, has increased Redex’s high-technology profile.
One direct result of this transformation has been the diversification Redex has achieved in terms of products and markets and which has proved itself to be a considerable asset in managing the company these past few years.
The company’s revenues doubled between 2004 and 2008, from 22 to more than 43 M€ in 4 years.
Over the same period, its exports grew from 55% to 81%.
Based on this international dynamic, export investments have been increased with the opening of a subsidiary in Shanghai that includes the current office and a service center to ensure that our Asian clients (25% of Redex revenues) have the necessary local offers in order to better and to maintain their production equipment. The Asian service center is in addition to those that already exist in the US and in France.
2008 will continue to hold a revenue record for Redex (+10% versus 2007) as well as a profitability record (net earnings up by 63%). These results are largely explained by Redex’s growth in international markets with sales in more than 50 countries.
Product development and tool modernization have also greatly added to the strong figures. New product ranges DRP/KRP (training for machine tools) has grown 50% over 2008.
Results have also been strongly supported by the myriad orders Redex has received in its fine metallurgy equipments business.
Bruno Grandjean, C.E.O. of REDEX, says : « Our products are in tune with the needs of the market. We invested the equivalent of 10% of our revenues each year. This has been achieved by self-financing and we are also continuing to develop new products. Despite these expenditures, our financial health is excellent. We will celebrate our 60th year in 2009 having kept our shareholder base entirely within the family. Redex is known as a particularly faithful partner by machine tool builders and metallurgists all over the world. ».
Thanks to these excellent results, Redex confirms its desire to continue its totally self-financed fruitful and selective investment strategy (9 M€ in just over 2 years), in order to accompany the evolution of mix products which will help to confirm the company’s status as a leader in the high-performance machine tool transmissions domain.
At the heart of this is the betterment of industrial processes and the optimization of internal and external logistics which allow for a reduction in the need to stock products while also increasing the quality of Redex products and their delivery time
.
In Korea and Japan, the company has seen great progress with mechanical transmission products.
In Korea, REDEX-ANDANTEX has several key clients: HNK (DualDrive Size 5 for large machines), HANKOOK (DualDrive Size 3) and KIHEUNG (DualDrive Size 3).
In Japan this month, REDEX-ANDANTEX had its first orders for HOMMA MACHINERY Co (http://www.homma-machinery.co.jp/html_e/home/index.html) and
MITSUBISHI HEAVY INDUSTRY Ltd
(www.mhi.co.jp/en/products/category/large_machine_and_machining_center.html) with very interesting prospects for development.
The official agent of REDEX-ANDATEX in Japan is:
S and F
2-1-13 Higashikamata
Ohta-Ku 144-0031 TOKYO
JAPAN
T. +81 3-5714-5050
F. +81 3-5714-5066
Website : http://www.sandfinc.co.jp/
Contact:
Shiraoka Kasumi
This email address is being protected from spambots. You need JavaScript enabled to view it.
