Georg Fischer announces strong sales growth for first half of 2007

Switzerland-based Georg Fischer announced that all of its corporate groups, including GF Agie Charmilles (www.gfac.com), experienced significant sales growth over the first half of 2007.

Recorded sales have increased by 13 percent over the same period in 2006, to a total of $1.86 billion year-to-date. Total sales for GF Agie Charmilles increased by 6 percent over 2006 figures. The corporate group also achieved an EBIT margin of 6.8 percent, representing an increase from the previous year. Growth was driven primarily by strong demand across Europe and Asia, though the company also experienced higher levels of demand for high-speed and high-performance milling machines in North America.

Agie Charmilles also announced that its chairman, Harry Moser, has been named president of the International Special Tooling and Machining Association (ISTMA) Americas and director of ISTMA. Moser will also continue as director of the National Institute for Metalworking Skills and leader of the Education Team for the National Tooling and Machining Association.