Bulten sales grow 14.5% but metal prices squeeze margin
Strong sales and net bookings buoyed Bulten’s Q2 2018 financials, with a 14.5% increase on net sales to SEK 810 million. The same period saw operating margin squeezed by higher global market prices for steel and other metals – as well as an uneven rate of production thanks to new models – but that was […]
Bulten boss to retire, search begins for successor
Bulten is preparing to change CEO by 2019, at the latest, due to the retirement of Tommy Andersson. Andersson, also President of Bulten AB, will be 65 in 2018 and has informed the Board that he wishes to carry on in the role for a period after the usual retirement age of 65 years. The Board […]
Bulten invests in ‘strategically important’ fastener plant in Poland
Bulten AB has invested around PLN 80.5 million (approximately SEK 177 million) in a new strategically important production and logistics plant in Poland to meet future volumes. The set-up, which is conditional upon obtaining the required permits, will start in 2017 and production is expected to start in the first half of 2019. The additional […]
Bulten gears up for $5 million fastener deal with ‘major vehicle manufacturer’
Bulten has, through its joint venture Ram-Bul in USA, signed a contract to supply fasteners to an undisclosed major vehicle manufacturer. The annual order value is approx USD $5.5 million, with a delivery value of USD $5 million to Bulten and USD $0.5 million to Ramco. Deliveries are expected to start in the third quarter […]
‘Strong underlying demand in automotive’ boosts Bulten sales
Bulten has grown sales in 2017 so far, with Q2 net sales up 3% to SEK 708 million and half year net sales rising 6% and hitting SEK 1,486 million. Bulten received a strong order intake during Q2 and growth was affected be fewer production days in the period – indicating “strong underlying demand in […]
Ford honours Bulten joint venture company in World Excellence Awards
Scunthorpe-based BBB Services Ltd, a Bulten majority owned joint venture company, has been recognised by Ford Motor Company as a top-performing global supplier at the 19th annual Ford World Excellence Awards. 54 companies were selected from thousands of Ford global suppliers. Honorees were recognised for achieving the highest levels of global excellence in a variety of […]
Financials round-up: BUFAB, Toolstation owner Travis Perkins & Bulten’s Q1 bonanza
Travis Perkins: Growth for Toolstation and Wickes owner Travis Perkins Q1 2017 saw total sales growth of 4.% and like-for-like sales growth of 2.7% The combination of our Merchanting divisions (General Merchanting, Plumbing & Heating and Contracts) delivered total sales growth of 5.1% and like-for-like sales growth of 2.6%. Underlying performance of both Wickes and […]
Bulten and Ramco join forces for automotive fastener distribution in the US
Bulten and Ramco have teamed up to create a fastener distribution joint venture for the North American automotive industry. Named Ram-Bul LLC, the equally owned company will be headquartered in Ramco’s new corporate HQ in Hudson, Ohio. Ram-Bul will offer sales and distribution of fasteners for the USA through Bulten’s FSP concept. Using Bulten’s manufacturing […]
Bulten rates prospects to take market share in H2 2017
Following a strong order book at the end of 2016, Bulten’s prospects for winning market share are looking strong in the second half of 2017, according to the fastener supplier. Bulten has released its financial report for Q4 and full year 2016, revealing profitability was up in Q4. Q4 Net sales hit Swedish Krona (SEK) 674 […]
Bulten launches new marketing and sales organisation for East and West
From 1st January 2017, Bulten will strengthen its Group Management and establish a new global marketing and sales organisation to support profitable growth and long-term strategy. The global market and sales organisation will be divided into the East and West regions. “We will continue to prioritize profitable growth and support our strategy with a new organization […]