July 24, 2006 -- Swiss machinery maker Mikron Holding AG does not rule out possible future acquisitions, CEO Eduard Rikli said in an interview with Swiss daily Berner Zeitung on July 24, 2006. The company, however, will focus mainly on achieving organic growth, the CEO added.

The main point for Mikron remains the increasing of its profitability, he went on. The CEO did not specify what the company's planned measures for achieving the targeted profitability increase are.

Also, Rikli said he favoured plans for alliances as the one by U.S. group General Motors Corp (GM) and Renault-Nissan. Mikron, which is active in the automotive industry, could profit from such alliances as a result of production increase, according to the CEO.

Mikron incurred a loss of 24.6 mln Swiss francs ($19.9 mln15.7 mln euro) in 2005, compared with a profit of 500,000 francs ($404,000319,000 euro) in the previous year, the Swiss News Digest on March 30, 2006.

Source Swiss News Digest
Source Factiva