KOMET Group accelerates expansion in the global tool market

As the world's leading manufacturer of precision metal cutting tools, KOMET Group's recent production building in Besigheim, Germany, marks the rapid development of the cutting tool market in recent years. With the large-scale expansion of the PCD coating market and the further development of new tool surface and cutting edge treatment technologies, KOMET Group's investment in advanced tool coating technology and equipment and training centers will be increasingly satisfied for various tool coatings. Increased demand provides potential capabilities.
KOMET Group's turnover in 2006 reached 154 million euros, according to nearly 60% of export quotas, of which more than 90 million euros of income came from Europe. However, the strongest sales growth now comes from Asia. KOMET has its own sister companies operating in China, Japan and India. In 2007, KOMET Group continued its international expansion and established sister companies in Russia and the Czech Republic. The annual growth rate of KOMET Group's turnover is expected to exceed 10% in 2007, and the sales of the group's four brands (KOMET, Dihart, JEL and X3-Solutions) are growing.

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