Biesterfeld: Successful 2020 financial year despite COVID-19 crisis
pixabay.com
With this development, Biesterfeld exceeded earnings forecasts and reinforced its position as market leader in selected segments of the international chemicals and plastics market. All four operating business divisions made a positive contribution to this result. The group again succeeded in expanding its market shares and adding new partners and products to its portfolio to enable ongoing strategic developments over the long term. This long-term development is based on the technically sophisticated solutions that Biesterfeld has to offer, as well as on expanding the relevant product and service portfolio, and on long-standing and trusting partnerships with customers and suppliers.
“2020 was a challenging year for everyone. But thanks to our 900 employees around the world, we managed to master it beautifully. Everyone actively adapted to the situation with utmost flexibility and they gave their best to Biesterfeld, as well as to our customers and suppliers,” says Thomas Arnold, CEO of Biesterfeld AG. “To show our thanks to everyone, in May we paid out a COVID-19 bonus to all Biesterfeld employees around the world.”
The first quarter of 2021 was also successful for all four operating business divisions of the Biesterfeld Group. The general high demand for raw materials and materials on a global level and the shortage of resources in a number of markets – such as in the plastic and rubber sectors – were the main factors contributing to the revenue and earnings. Despite the continuing COVID-19 pandemic as well as geopolitical and industry-specific challenges, Biesterfeld is optimistic that it will achieve the positive business development planned for 2021.
Most read news
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.