Annual Report
Annual Statement of UHDENORA's Management
Herewith we have the pleasure to inform you about the situation of our Company during the fiscal year 2009:
Throughout the fiscal year 2009, the Management provided the Board of Directors and their Supervisory Members with continuous and comprehensive information regarding all relevant business activities, company plans and business performance.
In spite of the global economic crisis, we benefitted from a large number of orders in hand at the beginning of 2009. Thus we were able to get off to a good start and concluded the year with all our planned figures fully achieved.
Thus, during the last BoD meeting of November 2009, we were proud to anticipate to our shareholders a record turnover of 70 Mill. Euro, as well as an order intake of 60 Mill. Euro in line with the expectations. Winning the “Uhde Award – Best Subsidiary” was a confirmation for UHDENORA’s good performance and praiseworthy commitment of its staff of employees.
We are glad to inform that we were luckily not affected by the recession so far and consider to have secured for the new business year 2010 a nice backlog of 57 Mill. Euro of orders in hand. Regionally we were again well positioned in China where we succeeded to win the capacity expansion for our former client Shaanxi Beiyuan Chemical Ind. Group. This new production capacity will bring the total installed capacity to 800.000 Tonnes of Cl2 per year making Shaanxi Beiyuan one of the biggest Cl2 producer in China.
The introduction in the chlorine industry of the first skid mounted, fully automatized small size Cl2 plants will certainly be realised and will become a highlight of our achievements in 2010. This concept has been developed together with Akzo Nobel/The Netherlands.
For the restless dedication of all UHDENORA team members in their activity, I herewith thank all employees and associates for their commendable commitment. I address also my thanks to the Executive Board and Supervisory Members for their practical and constructive co-operation in the interest of the company.
Finally UHDENORA’s Management is herewith expressing its thanks to our esteemed business partners for the trust you have shown to us.
Adrian Schervan
Milan, 18/01/2010
