Olbo & Mehler Expects To Grow In The US Market

FULDA, Germany — April 26, 2016 — Olbo & Mehler will be in Techtextil North America May 3-5, in Atlanta as part of the company’s strategy to invest in the U.S. market, through which it hopes to increase its market share.

Olbo & Mehler will be focused on three market segments in the US: mobiltech, indutech and buildtech. In this event, Olbo & Mehler will present some of its most popular products such as fabrics for timing belts; fabrics for handrails; and its patented treated basalt fabric for heat resistant and fire retardant applications. The textile production technique using basalt, earned in 2015 to Olbo & Mehler Inova Textil award in the category Fabrics.

Alberto Tavares, CEO of Olbo & Mehler comment: “Our strategy is centered on two pillars: innovation and continuous improvement. We believe that our long term competitive advantage  emerges from our capacity and determination to innovate, challenging ourselves to perform better, seeking productivity and quality, every day, everywhere, by everyone. As a result of this strategy, we have been able to achieve  significant improvements in our key financial indicators in 2015. EBITDA improved 14 pp  together with a significant Working Capital and Net Debt reductions give us the confidence to continue and reinforce our strategy.

In 2014, Olbo & Mehler recorded a volume of EUR 42 million. In the last three years, the company increased by 50 percent its turnover — from 28 million in 2012 — and added another 100 workers. The company exports 100 percent of its production out of Portugal. Europe is the main market (70 percent) with Germany the main destination, representing 25 percent of the overall turnover, followed by North America (15 percent),  Asia (5 percent), Australia (5 percent), South America (3 percent) and Africa (2 percent).

Olbo & Mehler is among the world leaders in the manufacture of technical textiles for use in the automotive, pharmaceutical, mining and security and defense areas. The company was born in Germany in 1930, but in 2014 focused its plant in Vila Nova de Famalicão, in north of Portugal.

Posted April 26, 2016

Source: Olbo & Mehler