German recycling equipment manufacturer HSM GmbH + Co. KG raised its revenue by 9 per cent in 2010 with 70 per cent of it generated by the company's export activities. HSM has 660 employees and counts itself amongst the world's leading providers of shredder-baler-systems, baling presses, and crusher systems for permanent compacting of PET bottles. The company is confident of increasing its revenues by 10 per cent in 2011, company CEO Dietmar Dengler said. HSM's subsidiary in the USA was particularly successful with a growth rate of 20 per cent last year. The company expects a further 20 per cent growth in 2011.
HSM Group expects strong growth in 2011
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