Mannheim, Germany - Plastics supplier Röchling Group has bounced back in the first quarter of 2011 with sales of Euro 293.9 million, up 22.8 percent from 239.4 million in Q1 2010.
The German company said it had a good outlook for the rest of the year, driven by 22.2 percent growth in incoming orders to Euro 313.8 million.
The Röchling Group manufactures technical plastic parts made from polyurethane and thermoplastic elastomers, as well as high-performance polymers and plastics for the automotive industry.
"We are in the midst of a growth spurt," said Georg Duffner, company ceo. "The Röchling Group is benefiting from strong demand, particularly in China and other newly industrialising countries."
During 2010 as a whole, sales rose by 20.6 percent to Euro 1002.8 million. The company attributed its growth to the rapid recovery of the global economy, driven by a surge in demand in China.