MINNEAPOLIS, MN--(Marketwire - December 16, 2010) - Despatch Industries, a leading thermal technology and equipment provider, is closing out 2010 with the best sales record in its 108 year history. Year to date bookings have exceeded $200 million with the largest share coming from the Solar Business Group.
"We had an exceptional year with all key areas of our business growing significantly. This record performance was highlighted by the rapid growth of the China Solar Market," said Patrick Peyton, chief executive officer. "We have aggressively increased our internal capacity to meet Customer demand and we are expanding our local and international employee base in order to capitalize on future opportunities."
In addition to Despatch's Solar Business Group, the Carbon Fiber and Thermal Technology Groups are also experiencing strong growth. The Carbon Fiber Business Group achieved an important strategic win in the emerging automotive carbon fiber segment and new business from the rapidly growing Korean Carbon Fiber manufacturing industry. The Thermal Technology Business Group is benefitting from the strong competitive position of US manufacturers and is providing advanced thermal processing solutions for their latest product introductions.
About Despatch: Despatch has specialized in thermal processing for over 100 years. The company is actively using this technical expertise to provide innovative solutions and high performance products to the thermal, solar and carbon fiber markets. The company's regional offices and complete global service network allow Despatch to provide local sales and product support to all customers worldwide. Despatch equipment is consistently recognized for exceptional performance and process quality, maximum uptime and reduced operating costs.
For more information on Despatch visit our website: www.despatch.com
Contact Information:
Media Contact:
Amber Schramm
1-952-469-8140