French sawmiller and pallet manufacturer PGS Group says it increased turnover by 26.7% to €139.2m in 2011 despite poor economic conditions.

PGS achieved organic growth through broader services to existing customers and development of new markets.

Sales grew for PGS’s entire range, including new and reconditioned pallets, as well as collection and flow management services.

PGS signed new contracts with companies in the chemicals, glass, pharmaceuticals and agricultural sectors, as well as e-commerce and recycling. A €10m investment in new technologies will allow it to expand in existing markets where it had little penetration, such as construction products.

It also acquired two companies Scierie et Palettes Blanc and Scierie et Palettes de Camarés.

PGS has plans to open new pallet reconditioning centres and is studying further sawmilling/new pallet manufacturing acquisitions.

PGS operates six sawmills, eight pallet construction sites and 26 reconditioning centres. It produces 280,000m³ of sawn timber, 11 million new pallets and 14 million reconditioned pallets annually.