Germany based vehicle paintshops supplier, Duerr is planning to increase production in 2013 in order to meet the growing business in China and the US.
The company expects the increase in business to result in new orders of worth EUR2.3bn leading to operating margin of 7% to 7.5%.
Duerr chief executive Ralf Dieter was quoted by Reuters as saying the company will decide in the third quarter whether it needs to adjust the forecast, but it certainly won't be discussing a downward revision.
"Some projects are now being tabled that automakers actually wanted to address next year, but as car sales increase, investments follow," Dieter said.
"Our customers in the U.S. are optimistic, so more is being invested in the retooling, modernization and automation of car plants.
"Many factories are manufacturing around the clock due to the continued boom in pick-ups."
According to the company, the business was increasing over the expected 22% increase in car sales in China during the first five months of 2013.
The company supplies robots that paint car-bodies and has generated incoming orders of EUR2.6bn and achieved a 7.4% margin in 2012.
