FULDA, Germany — May 6, 2016 — Olbo & Mehler presented at Techtextil North America a textile production technique made with RFL treated basalt allowing to operate with temperatures up to 700°C (1346 °F) and at the same time has high resistance to chemicals. This customized textile earned an Inova Textil award in 2015 in the category Fabrics.
Olbo&Mehler participated in Techtextil North America as part of the company’s strategy to invest in the U.S. market, through which it hopes to increase its market share. “After a deep study of north American market, we decided to focus our marketing strategy in three main market segments; mobiltech, indutech and buildtech,” said Alberto Tavares, CEO, Olbo & Mehler. “We believe that these segments should grow between 4 and 5 percent per annum in the next three to five years and are aligned with our business strategy.“
Olbo & Mehler was one of ten companies selected from 350 to participate in the press tour at Techtextil North America.
The company was born in Germany in 1930, but in 2014 focused its plant in Vila Nova de Famalicão, in north of Portugal.
The company strategy is centered on two pillars — innovation and continuous improvement. As a result of this strategy, the company has 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 Olbo & Mehler confidence to continue and reinforce its strategy.
Posted May 6, 2016
Source: Olbo & Mehler