Durr CTS Inc. news

The German mechanical and plant engineering industry suffered an exceptionally strong downturn in 2009 as a result of the economic crisis. Dürr was hit by this development, too. On the basis of the preliminary figures, the Group’s order intake was down 19% to € 1,185 million. However, Dürr performed considerably better than the German mechanical and plant engineering industry, whose average order intake dropped by 38%. Dürr´s incoming orders improved continuously in the course of 2009, a

The Dürr Group acquired the business operations of the firm Kleinmichel, Bernried, on January 25, 2010. The company specializes in glueing equipment for automobile manufacture and general industry. With the acquisition, Dürr is rounding out its existing product and service portfolio, and accelerating the expansion of this promising business area.

In vehicle assembly, Kleinmichel focuses on the glueing of windows, roofs, cockpits and spare wheel compartments. The core products are dispensi

Klaus Wucherer (65) and Günter Fenneberg (58) are new members of Dürr AG`s supervisory board. They were appointed by court order on November 3, 2009. Holger Hanselka and Hans Michael Schmidt-Dencker resigned their posts in mid-October.

Klaus Wucherer was at Siemens AG for 38 years, where his last position was as member of the central managing board responsible for the areas of automation and drive technology, industrial equipment and services, and transport systems. Prof. Wucherer has bee

In this year`s Capital-IR-Award Dürr AG was ranked in first place out of the 50 SDAX companies. It was the 13th year that the German business magazine Capital and the Deutsche Vereinigung für Finanzanalyse und Asset Management (DFVA), the German financial analysts and asset management association, rated the financial communication of major German and European companies. In the course of this high-profile contest some 400 fund managers and analysts were surveyed. Important criteria were for ins

Dürr is strengthening its position in the business of balancing technology for the growing turbocharger industry. By way of Darmstadt-based Schenck RoTec GmbH, the group has acquired the specialized French firm Datatechnic S.A. effective as of April 2, 2009. This rounds out Dürr`s product range for balancing turbochargers.

Schenck RoTec and Datatechnic have been cooperating for a long time in the area of balancing technology for turbochargers. `The two companies complement each other supe

Standard & Poor´s (S&P) has raised the rating outlook for Dürr AG from `stable` to `positive`. Dürr`s corporate credit rating has been left at `B` for the present.

With the improved outlook, S&P has reacted to the growth in earnings and cash flow in the past fiscal year. The rating agency expects Dürr to improve its operating performance further. This expectation is based on the mechanical and plant engineering group`s strong order intake.

S&P sees the possibili

The Dürr Group increased its order intake in the first nine months of 2007 by 12.6% to € 1,307.1 million, with growth of 25.1% year on year alone in the third quarter. Sales revenues for the first three quarters of 2007 came to € 1,015.0 million, an increase of 3.2% over the same period last year. Operating earnings (EBIT before one-time expenses) improved to € 27.4 million (9M 2006: € 19.3 million), with the third quarter contributing € 16.1 million (+67.2%). For 2007, Dürr expects

Stuttgart - Moody´s has upgraded the outlook for Dürr AG´s corporate credit rating from `negative` to `stable`. Dürr AG´s corporate credit rating continues to stand at `B2`.

Moody´s caused the upgrade with Dürr´s steady improvements in operating performance over recent months. The outlook change also reflects Moody´s expectation that Dürr will record further improvements not only in operating performance, thanks to a good and well diversified order intake, but also in efficiency an