Dätwyler sees light at the end of the tunnel

ERJ staff report (DS)

Altdorf, Switzerland – Dätwyler Group recorded a slight recovery of demand in the second half of the year, following a challenging first half. In 12 months to December 2009, net revenue dropped by 14% to CHF 1’113.4 million (euro 757 million), compared with CHF 1’294.9 million recorded in the bumper year 2008.

The Rubber Division in the first half of the year suffered due to the fall in demand from the automotive industry. Net revenue declined by 19.5% to CHF 124.7 million…

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