SMS Group Rides German Steel Boom as Cost Crimp Looms

JOHANNESBURG--May 6, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--In a record business year, the steel machine and plant building company SMS Group saw growth coming not only from the threshold countries of China, India, Brazil and Russia but from customers in other regions of the world. SMS Group Chairman Dr. Heinrich Weiss said the company's current order book had broken through the normal peak-and-trough pattern in the steel industry with new orders driven by complementary factors in developing regions and in developed regions.