ITALY - Thanks to the excellent results obtained in the first half of this year, SCM is likely to exceed the targets set at the beginning of this year.

The Italian group, which comes from a record 2016, where it reached sales of EUR 600 million (15% improvement over 2015), now closes the first half of 2017 with a sales volume of EUR 311 million – an increase of 14.5 % compared to EUR 271.7 million in the first half of 2016.

The Rimini based company and one of the world leaders in the development of wood processing machinery, recently strengthened its industrial footprint with the takeover of 51% of HG Grimme, a German specialist in the design and manufacturing of machines for processing plastic and composite materials. In a press release, SCM explained that this operation, finalized on July 31, 2017, allows it to consolidate its position in the production of technological solutions for plastic and composite materials processing in which the group is already present under the CMS brand.

As the first semester of 2017 was ending, a new subsidiary was added to the global SCM network, with the inauguration of SCM Mexico. The new branch, located in Guadalajara, Jalisco, held an open house from June 29 to July 1 where the Group’s technological solutions and the new work team were presented to the Mexican wood and furniture industry.

This strong performance of the SCM Group in the first half of 2017 confirms the worldwide trend of increasing investments by woodworking and furniture companies in technology and machinery driven by the need to automate and flexibilize production. So much so that in the first half of 2017, the world's top three manufacturers of woodworking machinery - Homag, Biesse and SCM - continued to expand their sales with sustained double-digit growth.

Main Woodworking Machinery Manufacturers

Sales 1S-2017