Trelleborg Wheel Systems’ 2014 sales down as OEM production slows
The agricultural and industrial tyre and wheel unit, Trelleborg Wheel Systems (TWS) recorded five per cent lower organic sales in 2014, after original equipment manufacturers reduced equipment production. The decline in organic sales was not reflective of material handling vehicle industrial/specialist tyre and wheel sales, which Trelleborg said were slightly positive for the full year. Despite the reduced agricultural sales, operating profit for the unit rose to 504 million SEK (£38.84m), with margins also up from 11.7 to 12.1 per cent.