ERJ staff report (DS)
Hasharon, Israel -- The Pelmar Group, which consists of the parent company located in Israel and 7 international subsidiaries, has increased sales and profits in the second quarter of 2012 by 7.9 percent.
The total consolidated increase, compared to the first half of 2011, is 7.1 percent. Backlog has increased to approximately US$14 million which represents an increase of 12 percent and will cause an expected improvement in sales in 2012 of over 10 percent compared to 2011.
The Pelmar Group's core activity is the sale, distribution and service of pre-owned machinery destined for the tyre and rubber industry. The main increase in business is in Western and Eastern Europe, S. E. Asia and South America. This growth is attributed mainly to the worldwide, growing demand for reconditioned, pre-owned machinery versus new, low-cost equipment. Another important portion of Pelmar's business is the sale of Chinese and Korean machinery and products worldwide.
The Pelmar Group is undergoing a change in management with Hagai Peled taking over the position of CEO and Managing Director of the entire Group as of January 1st, 2012 from his father Jacob Peled, the founder of the Group and now its Executive Chairman.
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Home page of Pelmar Group