WINDACH, GERMANY – DELO Industrial Adhesives reported fiscal year sales of €95 million (US$121.8 million), up 18% year-over-year.
Growth drivers for the year ended Mar. 31 were automotive, electronics and aviation.
China revenues were up 67%. DELO generated 73% of its total sales outside Germany.
“For many years, China was our second largest market, and it was only a question of time until it caught up with and surpassed Germany,” said Dr. Wolf-Dietrich Herold, managing partner of DELO.