Supriya Ghosh (Editor)

Tomra

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Type
  
Allmennaksjeselskap

Industry
  
Recycling

Founded
  
1972

Number of employees
  
2,622 (end 2015)

Traded as
  
OSE: TOM

Headquarters
  
Asker, Norway

Revenue
  
6.143 billion NOK (2015)

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Key people
  
Hans Stefan Ranstrand (President and CEO), Jan Svensson (Chairman)

Products
  
Reverse vending machines, , compactors, and sensor-based sorting equipment

Total assets
  
NOK 7.317 billion (end 2015)

Stock price
  
TMRAY (OTCMKTS) US$ 11.03 -0.08 (-0.72%)31 Mar, 4:00 PM GMT-4 - Disclaimer

Profiles

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Tomra Systems ASA is a Norwegian multinational corporation active in the field of instrumentation for recycling solutions. The company is the largest Reverse Vending Machine (RVM) producer globally and leading sensor-based machines for sorting and recycling. In addition to RVMs, TOMRA manufactures compactors, material recovery) and Sorting machinery. With over 70,000 RVMs installed worldwide, TOMRA is the leading provider in the industry.

Contents

TOMRA is listed on the Oslo Stock Exchange (OSEBX) under the ticker symbol TOM. The parent company, Tomra Systems ASA, is headquartered in Asker, Norway, with central departments located in Mülheim-Kärlich, Germany and Shelton, Connecticut.

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1970's

TOMRA was founded by the two brothers Tore and Petter Planke in 1972. It started out with the design, manufacturing and sale of reverse vending machines (RVMs) for automated collection of used beverage containers. Through 70s a breakthrough for Tomra was in 1974 where the Swedish entity Systembolaget ordered 100 RVMs.

1980s-2000s

TOMRA was listed in Oslo Børs and tried to secure a position in the American market to no avail. It was then successfully attempted to enter the market in 1990s. By 1999, sales in the US accounted for more than half of total revenues. In 2006, TOMRA delivered more than 8000 new reverse vending systems to Germany. TOMRA's sensor-based sorting technology business was first established in 2004 with the acquisition of TITECH, a leading provider of optical recognition and sorting technology. With the acquisition of Orwak in 2005, TOMRA established itself as a producer of compaction and baling solutions with an installed base of more than 67,000 balers.

2010-2016

Via several acquisitions, TOMRA had grown into a global company since the 2000s and secured 75% global market share in RVMs and 60% Material Recovery from Collection Solutions and 40%-65% in Sorting Solutions.

References

Tomra Wikipedia


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