Isra Vision: Steel Industry Experiencing Recovery

Isra Vision AG is beginning to notice a considerable recovery in the steel industry. Since early November until the beginning of December the company has received orders from around the world from companies in the steel industry with an order volume of several million Euros. "We are noticing that our customers are once again tackling projects that had been put on the backburner. This could mean that after the trough we have in fact reached a turning point in this sector", so commented Enis Ersü, chairman of the board of Isra Vision AG. The majority of the orders were received from Asian market leaders; however steel companies in North and South America as well as from Europe have also placed large orders.

By following its sales and innovation offensive, Isra will continue to focus on long-term continued growth. In the upcoming years, revenues are expected to exceed the EUR 100 million mark. "We are cautiously optimistic about the development in the near future. If we see further recovery of our customers' investment activities in the most important industries, we expect that Isra will once again see positive growth in the second half of the fiscal year 2009/2010", said Ersü while providing details of his forecast for the current fiscal year.