Europe | April 18, 2023

German Ziehl-Abegg marks record sales

Germany, Künselau: German industrial company Ziehl-Abegg has published its 2022 figures, announcing its record sales of $958.7 M (€873 M).

 

Ziehl-Abegg growth

Image source: Ziehl-Abegg

Germany, Künselau: German industrial company Ziehl-Abegg has published its 2022 figures, announcing its record sales of $958.7 M (€873 M).

This increase in sales amounts to about 22 % compared to the previous year ($786.29 M). The number of employees globally to 5,100 (previous year 4,700) and in Germany to 2,800 (previous year 2,600). Despite the closure of the site in Russia and the general lack of stability in the supply chain which made production planning difficult, the company was able to continue on its successful path and plans further investments in new plants in Germany and abroad.

“We are well on track,” says CEO Dr. Marc Wucherer. The growth in sales is attributable on the one hand to the unavoidable need for an increase in selling prices as a result of the sharp rises in purchase prices; and on the other, sales have been driven by the rising demand for efficient and durable electric motors and fans. Investments in new production sites will make the company fit for the future: in autumn 2022, work began on the construction of a new €50 M plant in Lodz (Poland); at the start of 2023, the foundation stone was laid for a new plant in the USA in which around €100 M will be invested. “If we produce closer to the customer, we can deliver faster and we do away with the need for transportation over long distances,” says Wucherer, explaining the positive effect that a global production network has on the products’ carbon footprint.

Trends such as digitalization, expansion of wind power, food production as well as building ventilation, heating and air conditioning technology will further fuel demand for Ziehl-Abegg products in the coming years. In addition, the continuing interest in heat pumps will further heat up demand for quiet and efficient fans, with experts consequently predicting double-digit growth rates for the industry worldwide. In order to exploit the growth potential despite limited employee capacities in Germany, the company is focusing on automation in all its existing plants and an expansion of the international production capacities.

 

Source: Ziehl-Abegg