Industrial Process focuses on developing business value for customers by applying superior technical expertise to offer customers product solutions and services helping to streamline industrial process flows. Value is added through more competitive products, reduced environmental impact, time gains and other aspects contributing to customers’ opportunities to increase their profitability. With society’s demands for companies to reduce their environmental impact continuously increasing, the business area still enjoys considerable growth opportunities. Many companies hold good positions in certain market niches and have substantial opportunities to grow faster than the market. The marine segment, for example, is expected to continue growing due to stricter new emission requirements. The paper, energy, chemical and pharmaceutical industries, among others, also have an increasing need of equipment for controlling and analysing different processes.
DEVELOPMENT IN 2019/2020
In many ways, the business area stood at the forefront of the Group’s positive development through exceptionally strong growth in demand in the marine segment and services for environmental improvement solutions. In the second half of the year, it could be seen that demand was evening out at a high level in terms of the demand in the mechanical industry and special vehicles, as well as in the forest industry, while the business situation was stable in other process industries. The business area’s strong organic growth resulted in very good leverage on margins. Read more on the Administration Report.