Amada announces positive 2009 turnover

Machine-tool manufacturer Amada has announced that its turnover for last year was down by less than 20 per cent compared with 2008.

The company attributed this result, in part, to substantial growth in the purchase of Amada pre-owned machines, which attracted revenue in excess of £5m during 2009.

Amada said that the key investments in 2009 were for high-end, automated units – with a large number of customers choosing to upgrade to reduce costs rather than increase capacity by installing additional machines.

Despite a drop in sales of traditional units by almost 50 per cent, the company saw a year-on-year increase of 60 per cent in new customers and reported that 70 per cent of the equipment it supplied in 2009 was financed in-house.