Fayat reports strong financial performance

The Fayat Group reports a strong financial performance for 2014. Group turnover reached €3.5 billion, of which 38% came from the road construction sector including the BOMAG and Marini business segments. The privately held company does not reveal its complete financial figures but said that international sales have been very healthy.
January 6, 2017 Read time: 2 mins

The 2779 Fayat Group reports a strong financial performance for 2014. Group turnover reached €3.5 billion, of which 38% came from the road construction sector including the 172 BOMAG and 273 Marini business segments. The privately held company does not reveal its complete financial figures but said that international sales have been very healthy.

Filippo Baldassari is head of global sales at Fayat Road Equipment and said, “In 2014 business was very positive.” He explained that overall, sales were strong even though some markets, such as Southern Europe, remain depressed. And while the Chinese market has seen difficulties for 3-4 years he added, “Last year was relatively good for us in China.”

Baldassari explained that there has been a perceptible shift in the Chinese market, which is in transition from focussing on highway construction to construction of secondary roads, as well as to highway maintenance. He said that the market for asphalt plants in China remains healthy, although there is now a trend towards sales of smaller plants, in line with the shift in the road construction sector. And he said that Chinese customers are also increasingly interested in plants able to handle recycled asphalt, due to government requirements on the use of RAP.

For more information on companies in this article

Related Content

  • French firm Fayat continues to develop its Chinese factories
    January 6, 2017
    The French Fayat Group’s operations in China continue to develop. Sales and marketing manager Jacques Bonvallet said, “The BOMAG factory in Shanghai is now over 5,000m2. We doubled the factory and this is the third extension to it we’ve made.” He said also that the size of the firm’s Marini facility building asphalt plants at Langfang has been doubled in size to meet demand. The company is particularly strong in China with its BOMAG compaction equipment and Marini asphalt plants, but the company is also ge
    Read More
  • French firm Fayat continues to develop its Chinese factories
    November 29, 2012
    The French Fayat Group’s operations in China continue to develop. Sales and marketing manager Jacques Bonvallet said, “The BOMAG factory in Shanghai is now over 5,000m2. We doubled the factory and this is the third extension to it we’ve made.” He said also that the size of the firm’s Marini facility building asphalt plants at Langfang has been doubled in size to meet demand. The company is particularly strong in China with its BOMAG compaction equipment and Marini asphalt plants, but the company is also ge
    Read More
  • International INTERMAT
    June 11, 2012
    With the dust now settled after the INTERMAT 2012 exhibition, it is clear that this event proved a success. For INTERMAT 2012, attendance figures grew throughout the week, with many firms reporting very busy booths. Of note is the fact that INTERMAT received a high percentage of international visitors, with over 34% of attendees coming from countries other than France. Attracting some 200,000 visitors in all, 145,082 were identified as proper trade visitors and this represented an increase of 15.8% over the
    Read More
  • Construction equipment market to grow - CEA report
    February 29, 2012
    The UK’s Construction Equipment Association attracted a large audience for its annual general meeting.
    Read More

Highlighted Content