Comments by the President & CEO, Sidel Mart Tiismann
Positive outlook from Sidel after a challenging year
2013 proved a challenging year for Sidel, with the impact felt from customers holding back on investments in capital equipment, a trend that began in 2012. However, it is important to recognise that this is primarily cyclical variation rather than fundamental structural change: the underlying growth in the use of PET in the liquid packaging solutions market remains, as do the opportunities this represents for us as a business. The reduction in equipment sales was offset by strong sales of aftermarket equipment and services. This translates into flat development of net sales for the Sidel Group for 2013.
A highlight of the year was the launch of Sidel Matrix™ – our latest generation of PET bottling equipment based on modular platform architecture. We have received very positive feedback from our customers who are recognising the significant contributions Sidel Matrix can make to their businesses in terms of performance, flexibility, TCO (total cost of ownership) and an improved environmental footprint as we all look to develop more sustainable methods of production.
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Tetra Laval annual report (pdf)
Group Management Team
President & CEO
Roberto Bettini, Human Resources
Sid Johari, Industrial Operations
Finance & Strategy