HF parent expects rubber-machinery division to recover in 2017

Lübeck, Germany – Possehl group is upbeat about the prospects for recovery at its Elastomer Plant division, following a surprise 10% fall in net sales, to €417.4 million, last year.

The division comprises three businesses: TireTech and Mixing Group (HF Mixing, Farrel and Pomini), which both produce rubber processing machinery particularly for the tire industry, and a third unit supplying edible oil technology.

The drop in net sales across the Elastomer Plant division, compared to growth of around 8% in the previous year, Possehl noted in its…

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