We seal damp and protect

BUSINESS AREAS
Trelleborg Sealing Solutions is
a leading global supplier of
polymer-based critical sealing
solutions deployed in demanding
general industry, light vehicle and
aerospace environments.
Sales and earnings
Net sales rose 9 percent compared with
the preceding year. Organic sales for the
full-year declined by 1 percent compared
with 2014. Europe reported moderately
negative organic growth, as a decline in
general industry was partially offset by
higher sales to the light vehicle and
aerospace industries. North America
reported negative organic sales,
primarily related to a weaker trend for
general industry. Positive organic growth
in Asia was predominantly driven by
healthy sales to the automotive and
aerospace industries, which was offset
by lower activity in general industry in
the region.
Operating profit rose as a result of
effective cost control and favorable
exchange rate fluctuations. The operating
margin was maintained at a high level
throughout the year. Exchange rate
effects from the translation of foreign
subsidiaries had a positive impact of
sek 156 m on operating profit compared
with 2014.
Selection of events in 2015
• Exercised an option from 2011 to
acquire the outstanding 50-percent
stake in the Bulgarian silicone rubber
operation and subsequently initiated
expansion of its capacity.
• Implemented structural improvements
and modifications of production sites
in Europe and Asia.
Trelleborg
Sealing
Solutions
BUSINESS AREA
• Commenced production of seals
and components for the aerospace
industry in a new facility in France.
• Continued the simplification program
aimed at making it easy for customers
to do business with Trelleborg.
Current priorities
• Focus on global growth initiatives in
markets, segments and products, for
example, in life sciences, oil & gas
and aerospace.
• Increase market presence and shares
through bolt-on acquisitions with a
geographic focus on Asia, Eastern
Europe, and North and South America.
• Continue to develop digital service
tools and services.
• Focus on product and material
innovations.
• Retain position as the leader in digital
service tools for engineers.
• Increase the pace of the simplification
program – aimed at making it easy
for customers to do business with
Trelleborg in all respects.
Market segments
General industry: Precision seals for
a range of industrial applications with
a focus on O-Rings, rotary seals and
hydraulic seals.
Aerospace: Safety-critical aircraft
seals used in such application areas as
engines, flight control actuators, landing
gear, wheels and brakes.
Light vehicles: Advanced and often
safety- critical seals, mainly for fuel
systems, steering, air conditioning and
exhaust systems, as well as composite
technology designed for damping and
sealing.
Transportation equipment: Specially
engineered sealing solutions in, for
example, trains.
Agriculture: Sealing configurations
for hydraulic equipment in, for example,
tractors.
Oil & gas: Specialty seals in various
oil and gas installations.
Production units: Brazil, Bulgaria, China,
Denmark, France, India, Italy, Malta,
Mexico, Poland, Switzerland, the U.K.,
Sweden and the U.S.
Market offices: Austria, Belgium, Brazil,
Bulgaria, Canada, China, Croatia, the
Czech Republic, Denmark, Finland,
France, Germany, Hong Kong, Hungary,
India, Italy, Japan, Mexico, the
Netherlands, Norway, Poland, Russia,
Switzerland, Singapore, South Korea,
Spain, Sweden, Taiwan, Turkey, the U.K.
and the U.S.
Examples of brands/product names:
American Variseal®, Busak+Shamban,
Forsheda®, GNL, Nordex, Orkot®, Palmer
Chenard, Polypac®, Rubore®, SF Medical,
Shamban®, Silcotech, Skega®, Stefa®
and Wills Rings®.
Key customers: ABB, BOC Edwards,
Bosch, Caterpillar, GEA Group, Honda,
Husky, Liebherr, Rolls Royce, Scania,
Siemens, Spirit Aero systems, Visteon,
Volvo and ZF Group.
Principal competitors: Federal Mogul,
Freudenberg, Green Tweed, Hutchinson,
NOK, Parker Hannifin, Saint Gobain
and SKF.
18 Annual Report 2015 Trelleborg AB
GRI: G4-4, G4-8, G4-13