1995 was a year of restructuring and reorganisation for the plastics division of Dyno Industrier ASA (HQ: Tollbugaten 22 N-0106 Oslo). Mid-year it took the strategic decision to sell off its fuel tank systems division to Walbro Corporation. However, this has necessitated some significant changes to its packaging operations, some of which continue to share production facilities with the fuel tank business. Indeed in Germany, the separation of business areas has not yet been fully agreed although the current site at Ettlingen will eventually be solely used by Walbro and the remaining packaging activities of Dyno will relocate to new premises.

Last year was also the first full operating year for two new divisions: Components and Systems (C&S) and Food Packaging. The C&S division, primarily involves Dyno's injection moulding activities where the focus is now on interior automotive components, electronic housings and materials handling. Part of the restructuring involved the sale of its household goods business in Denmark and Norway to Hackman of Finland. This included the Dynoplast A/S (Borupvej 20, DK-4300 Holbaek) plant and part of the business and goodwill of its Stjoerdal plant in Norway.

Its new food packaging division involves two sheet extrusion operations based in Norway at Stjoerdal and Kristiansand. However, increasing competition in European markets led to a slight fall in sales volumes for 1995. During the year Dyno closed its packaging machinery plant in Germany.

After taking account of these divestments, Dyno's plastics division had a turnover of NOK 1,564m for 1995 up 8.2% from 1994. However, the affect of rapidly rising raw material prices put margins under pressure and operating profits were down from NOK 83m for 1994 to NOK 73m.

READER SERVICE: Annual Report 1995 Dyno (English): PIE-No. 39268.