News Dormer Pramet to expand market share
Germany – With Pramet und Dormer, two tooling brands in the Dormer Tools product area within the Sandvik Machining Solutions Group, having joined forces in November 2014, the company has now made its first joint appearance at AMB in Stuttgart.
With around 1,500 staff employed by the merged business, the company has the strength to support its customers around the world, Group President Fabrizio Resmini said. “We now have 600 sales staff and 900 involved in product development and production. It is no secret; we have merged to expand our market share."
Holger Rabe, sales director Benelux, Germany, Switzerland and Austria, added that the company was aiming at a "leading market position" withing its market space. "We want to be among the Top 10.” For 2015, he aims to increase the Group's turnover by 15%.
Resmini explained the rationale behind the decision to align the two brands. “Dormer’s round tool specialisation and Pramet’s focused expertise in the design and production of indexable inserts would, on the face of it, at least, seem to represent a good fit. The reality turned out far better than we could have hoped." He added that with the combined strengths and knowledge of Dormer and Pramet, the company was in a strong position to provide the crucial support required.