The first half of 2019 has been exciting, as usual. The world offers higher focus on the environmental care, higher degree of digitalization and intensive geopolitical discussions like Brexit, global versus regional, trading tariffs etc.
When entering year 2019 Fortaco was cautious in respect of market development. We have experienced a mix of strong growth, stabilization and some decline among our customers. The outlook for the second half of 2019 looks promising, we are expecting to continue delivering a profitable growth. Fortaco offers services from concept to manufacturing, in addition we see the value add for our customers of being a strong technology and R&D provider. Fortaco has launched an EU financed steel fabrication project to develop future production materials, manufacturing processes and product features.
Fortaco participated Bauma exhibition in Munich mid-April, world’s largest off-highway exhibition with more than 620.000 visitors during five days. At the exhibition Fortaco launched the redefined branding concept to further enhance Fortaco’s core values of excellence and reliability. Our stand was visited by the current but also new customers and suppliers. We discussed about Technology, Vehicle Cabins, Steel Fabrications and Vehicle Assemblies.
Fortaco has reached an important momentum, we have announced a collaboration with Tata AutoComp Systems with the aim to offer safety cabins for off-highway vehicles in India, based on technology, design and specifications developed by Fortaco. Our joint strengths will build a strong foundation for the future.
I am proud to be a member of the highly experienced people team across all operations at Fortaco. To meet with customers and suppliers gives continuously energy to explore how we can together re-shape the industry and make it more innovative and a safer workplace. Fortaco has Trust in Tomorrow.
Enjoy the summer with your families, nearest and friends to charge batteries for the exciting second half of 2019.
With best regards,
Lars Hellberg
President & CEO
