Studer Credits U.S. for 2012 Success
Strong performance in the United States offset weaker markets in Europe and Asia.
Studer, a Swiss manufacturer of cylindrical grinding machines, cites a new record in U.S. equipment orders as a prime factor in a successful 2012, a year that saw orders increase by 15 percent and sales increased by 20 percent compared to 2011.
Driven primarily by the automotive and aerospace industries, the strong U.S. performance helped offset results from other markets. In Europe, ongoing financial difficulties limited machine and technology investments, the company reports. In Asia, the company cites significantly less investment in new machines by Chinese companies during the first half of the year, although demand began to revive during the second half.
Although the company expects continued strength in the U.S., it has deliberately adopted a more pessimistic outlook for 2013. Reasons for this include uncertainty about the direction of the Asian market and ongoing financial trouble in Europe, as well as a cautious forecast for the European automotive industry.
In the United States, Studer is represented by United Grinding (Miamisburg, Ohio).