Annual Report 2003 - Kardex

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14 “Live within your means in spring and you will have enough for winter.” KOREAN PROVERB, 11 TH CENTURY
Static Storage Systems Division STOW: COST LEADERSHIP OPENS UP OPPORTUNITIES WORLDWIDE. Jos De Vuyst CEO The core activity of the Static Storage Systems Division (Stow) is the manufacture of storage shelving typically used in high-bay warehouses. The most important customer segments include general contractors specializing in logistics, large corporations and logistics service suppliers (warehouses). The plants in Wevelgem and Dottenijs (Belgium) as well as Shanghai (China) are globally recognized as models of automated high-volume production. Engineering, distribution, and on-site assembly are handled by the division’s own distribution companies in Europe’s key markets. The division is managed by Jos De Vuyst. One of the main reasons for the success of the Static Storage Systems Division is its leading position in production cost management. The idea of consistently high quality combined with stable, unbeatably low prices is one that naturally fascinates any entrepreneur with an involvement in industrial products. A company that offers the best value for money in its chosen sector will have an insuperable advantage in all its markets and can look forward to sustained success. Professional, well-informed customers are hardly likely to make a final decision before obtaining an offer from the acknowledged market leader in cost management. 15
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 and 14: dilutes the sense of loyalty that u
Page 15 and 16: Industrial Automation and Conveyor
Page 17: early as possible, has short decisi
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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