PVA TePla Group Announces New CEO
PVA TePla builds systems for the vacuum and pressure sintering of hard metals. The company also manufacturers systems for crystal growing as well as plasma systems for surface activation and ultra-fine cleaning. Peter Abel will continue to be available to PVA TePla as a strategic consultant and will remain a major shareholder. At the company´s annual general meeting Dr. Knebelkamp confirmed the forecast of consolidated annual sales revenues of EUR 120 million to EUR 130 million and an EBIT margin of 8–10 %, each at the upper end of the projected range (07/2011).