Annual Report 2003 - Kardex

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10 “Transform great difficulties into small ones and small ones into none at all.” CHINESE PROVERB, 6 TH CENTURY B.C.
Industrial Automation and Conveyor Technology Division AFT: TOP-FLIGHT SERVICE MANAGEMENT OPENS UP OPPORTUNITIES WORLDWIDE. Gerhard Brutschin CEO The key activities of the Industrial Automation and Conveyor Technology Division (AFT) are the engineering, production, global distribution, installation and maintenance of ceiling and floor conveyor systems together with the lifting and logistics equipment required primarily by the automobile industry. These products are developed and manufactured in Schopfheim (Baden-Württemberg, Germany), Bautzen (Saxony, Germany) and Seoul (South Korea). The division is under the management of Gerhard Brutschin. One of the main reasons why the Industrial Automation and Conveyor Technology Division is so successful is its mastery of project management. The efficiency and quality of project management influence the overall long-term cost-effectiveness of the project in question and to a large extent customer satisfaction. In many cases, the quality of project management is the factor that makes all the difference. There are often several possible technical solutions and the prices of similar technologies lie within a narrow spread. Project management, then, plays a crucial role in building trust and confidence, generating follow-up business and in establishing AFT’s reputation. 11
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 and 10: of measures that will lead to incre
Page 11 and 12: Dynamic Storage and Retrieval Syste
Page 13: dilutes the sense of loyalty that u
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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