Ceric looks to the future

In June 2015 Ceric Technologies increased its share capital by 7.6 million euros with the issue of shares and bonds underwritten by Pleiade Investissement and Sopromec. The new injection of capital will enable the company to penetrate new markets such as Asia and Africa and make greater investments in research and development of increasingly innovative products, including segments outside its current lines of business.

The operation was decided on following the 2014 downturn (when revenues dropped to 28 million euros), largely caused the slowdown of the Algerian market, and went hand in hand with a reorganisation of all business areas.

This restructure included the appointment of new technical figures and a change of chairmanship. Patrick Hébrard has been replaced as chairman by former CEO Jean-Jacques Wagner but will remain in the Ceric management team as chairman of the Supervisory Board.

Thanks to its sales facilities all over the world - including a new branch at Oran in Algeria and a new sales office in China - Ceric is able to maintain a strong market presence and assure rapid customer support. These strategic actions have boosted the company's 2015 orders portfolio, allowing it to look to 2016 with greater confidence.