Renishaw boosted by strong Asian demand

9th Sep 2010 08:30

Precision engineer Renishaw said trading in the first two months of the new financial year has been very positive after particularly strong demand from Japan and the rest of Asia.The group saw robust demand for its metrology products across all its main geographies. Sales in Japan and the rest of Asia have been running at around double last year's levels for the same period, the group said. Group revenue in July and August has been around £20m per month and the order book currently stands at around £25m. Order visibility remains at around 4 to 5 weeks' sales.