Igus Witnessed a 16.5% Rise for 2007-Bearing News

Igus disclosed that its sales in fiscal year 2007 increased by 16.5% over last fiscal year, totaled Euro 276 million contributed by its 26 branches throughout the world. In order to keep continual growth, Igus will expand its factory in Cologne by more than 50%, which is expected to function as manufacturing, testing and researching with 20,000 square metres of space, and enter operation in November. Furthermore, large halls have been rented on the neighbouring property and have already been put into operation. Igus is a worldwide manufacturer and distributor of plastic plain bearings and cable carrying energy chain systems, all manufactured by injection molding.

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