Change on the Board of Directors of Georg Fischer Ltd: The Board of Directors will propose Riet Cadonau for election at the General Assembly of Shareholders on March 23, 2016 as a new member.
GF sells real estate in Meyrin, Switzerland
GF and Caritas Switzerland act together to bring access to clean water
GF to lift working time increase at its Swiss facilities per year-end
GF Machining Solutions to build modern machine tool facility in Biel (Switzerland)
First half-year figures were affected by the Swiss franc appreciation which shaved 7% off the top line. Adjusted for currency effects, acquisitions and divestments, sales were on previous year’s level.
GF Automotive announces a 50/50 joint venture with the world leading machining specialist Linamar Corp., Guelph (Ontario, Canada). Together, GF and Linamar Corp. will invest in a new high pressure light metal die casting plant in the Southeast of the US.
GF enters the industrial 3D printing business. GF Machining Solutions and EOS, Krailling (Germany), have entered into a strategic cooperation agreement.
GF Piping Systems has received a substantial order totaling more than EUR 15 million from the leading shipbuilding company STX France.
At the 119th Annual Shareholders’ Meeting of Georg Fischer Ltd held on 18 March 2015, the shareholders approved all proposals of the Board of Directors. Eveline Saupper was elected as new member of the Board.
GF Automotive is increasing its manufacturing footprint in China by 50%. The division completed end of 2014 the extension of its iron foundry in Kunshan for a capacity increase of 50%. It is also building its fourth light metal facility in Suzhou to add up 50% more capacity in this plant by the end of 2015.
GF generated sales of CHF 3 795 million in 2014 for an increase of 1%. The operating profit (EBIT) rose 9% to CHF 274 million mainly thanks to significant productivity gains.