Komax Group said that 2007 sales increased by approximately 10 percent, reaching CHF 350 million. Asia growth was put at 70 percent, while European revenues grew by 1 percent. Order intake rose by 19 percent from CHF 328 million in 2006 to CHF 389 million in 2007.
Komax highlighted that orders from the photovoltaic sector more than doubled in 2007 compared to 2006, which was due to its technological leadership and further expansion of its product range, according to the company. Komax said its PV sector book-to-bill ratio was in excess of 1.7 for 2007.
Specifically, Komax was claimed to gain additional market share in the tabbing and stringing sector with its XCell machine system, which benefited from PV manufacturers’ large-scale expansion projects. Sales in the sector are expected to grow strongly again in 2008, the company said.