Annual Report 2003 - Kardex

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6 “Only when you know the village should you venture out into the world.” ORIENTAL WORDS OF WISDOM, 4 TH CENTURY A.D.
Dynamic Storage and Retrieval Systems Division KRM: PRESENCE IN DISTRIBUTION AND SERVICE OPENS UP OPPORTUNITIES WORLDWIDE. Dr. Silvio Anesini CEO The Dynamic Storage and Retrieval Systems Division (KRM) focuses primarily on the production, global distribution, installation and maintenance of dynamic storage, retrieval and distribution solutions. These logistics are marketed under the <strong>Kardex</strong>, Remstar and Megamat (KRM) brands and are used predominantly in industrial, wholesale and administrative environments. The systems are developed and manufactured at three Group-owned facilities in Bellheim (Pfalz, Germany), Neuburg (Bavaria, Germany) and in Westbrook (Maine, USA). The division is managed by Dr. Silvio Anesini. One of the main reasons for the success of the Dynamic Storage and Retrieval Systems Division is its local presence worldwide. The <strong>Kardex</strong>, Remstar and Megamat brands have representatives in four of the world’s five continents, but KRM finds it more sensible to divide the global market up into regions rather than to consider them in geographical terms. Traditionally, KRM has classified five market regions according to size: central and eastern Europe; northern Europe; southern Europe; North, 7
Page 1 and 2: Annual Report 2003 The Far East get
Page 3 and 4: KEY FIGURES Kardex Remstar Group CH
Page 5 and 6: Five-year summary KEY FIGURES Karde
Page 7 and 8: Ladies and Gentlemen A glance at th
Page 9: of measures that will lead to incre
Page 13 and 14: dilutes the sense of loyalty that u
Page 15 and 16: Industrial Automation and Conveyor
Page 17 and 18: early as possible, has short decisi
Page 19 and 20: Static Storage Systems Division STO
Page 21 and 22: ay shelving system. The remaining 1
Page 23 and 24: Special-Purpose Handling Systems Di
Page 25 and 26: and customized conveying systems. f
Page 27 and 28: Under intangible assets, goodwill d
Page 29 and 30: TCHF ASSETS FINANCIAL INFORMATION R
Page 31 and 32: 1: Accounting principles GENERAL IN
Page 33 and 34: RETIREMENT BENEFITS Most Group comp
Page 35 and 36: 12: Inventories 31.12.2003 31.12.20
Page 37 and 38: Maturities of long-term debt: 31.12
Page 39 and 40: 25: Currency exchange rates Average
Page 41 and 42: FINANCIAL INFORMATION REGARDING THE
Page 43 and 44: CHF ASSETS FINANCIAL INFORMATION RE
Page 45 and 46: INVESTMENTS FINANCIAL INFORMATION R
Page 47 and 48: FINANCIAL INFORMATION REGARDING KAR
Page 49 and 50: TASKS OF THE BOARD OF DIRECTORS The
Page 51 and 52: Richard Flury 1942, Swiss citizen,
Page 53 and 54: Shareholders’ participation right
Page 55 and 56: KARDEX REMSTAR COMPANIES AND DISTRI
Page 57 and 58: The Group publishes Annual Reports

Annual Report 2003 - Kardex

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