International. Electric motor and fan manufacturer Ziehl-Abegg ended the fiscal year with revenue growth of 9.5%, which is equivalent to €955 million and represents the largest single investment since its founding.
"This is the best year in the company's history," said Marc Wucherer, CEO of the German company.
This year, Ziehl-Abegg opened a state-of-the-art plant in the United States by investing around €100 million, with the aim of leveraging its growth in North American markets. At the same time, Ziehl-Abegg started construction of a new plant in Vietnam and launched new production in Poland.
The company also indicated that it will start production in India this year. On the other hand, Ziehl-Abegg has invested more than €30 million in a park of improved machinery and automation technology, located in Germany.
Global Growth
According to the manufacturer, the adaptation of its internal structures has allowed it to have a more effective margin of manoeuvre at a global level. The reorganization includes, among other actions, the delimitation of four strategic geographical areas: Central Europe, EMEA, APAC and the Americas.
"This brings us closer to our markets and customers," said Wucherer, who noted that Ziehl-Abegg has also adapted the global production network to the needs of buyers.
Sustainable Course
With its ZA2030 strategy, Ziehl-Abegg pursues goals such as carbon neutrality, sustainable products and transparency about environmental impacts.
"We will make an even more positive contribution to people and the environment. The company is moving forward in new stages of digitalization and service improvement. Further growth is expected, with a clear focus on innovation, sustainability and global customer proximity," concluded its CEO.
