Mesnac posts jump in profits despite dip in sales

Qingdao, China – Mesnac has reported a 65% increase in annual net profit* to Yuan333 billion (€42 billion) in 2023, up from Yuan202 billion reported the year before.

Sales for the year fell slightly to Yuan5,650 billion, down 1.5% from 2022, the Chinese tire & rubber machinery and systems supplier reported 3 April.

In its annual report filing for the Shenzhen Stock Exchange, the group said order volume was “running at a high level and delivery-guarantee capability has been further improved.”

Mesnac linked the earnings growth to its investments in innovation, including the introduction of “advanced design quality control in major R&D projects.”

At the recent Tire Technology Expo in Hanover, Germany. Mesnac showcased its latest generation of integrated solutions for intensive mixing workshops.

Based on a ‘One is enough’ approach, the technology was said to employ “intelligent upgrades” that address variability in production due to human factors.

The highly automated system was also stated to improve overall production efficiency by 10% in part by “helping customers mix every batch of rubber.”

At the Hanover expo, Mesnac also highlighted integrated systems encompassing mixing, small-chemicals weighing, auxiliary feeding, rubber cooling and storage logistics.

*Net profit attributable to shareholders of listed companies.