Schunk Group achieves growth despite challenging conditions
July 8, 2014
Schunk Group, based in Heuchelheim, Germany, has announced that it achieved a turnover of close to €940 million in 2013, the second-highest turnover in the history of the company, despite what is describes as difficult economic conditions.
The Group stated that although sales in Germany and Western Europe declined because of market conditions, these remain the most important markets for Schunk. The highest growth rate of all regions was achieved in Eastern Europe. A considerable growth in sales was also achieved in Asia and, on a currency-adjusted basis, in the USA, which means that the corporate strategy to expand the business in America and Asia also paid off in 2013.
“These countries offer the best opportunities to increase market share and benefit from high growth rates at the same time,” stated Dr Arno Roth, CEO of the Schunk Group. “Our companies in Germany, which employ over half of our staff, also benefit from our successful overseas business,” he added.
Despite the challenging market conditions, Schunk has managed to further improve its market position and to exceed the previous year’s sales. This was primarily down to the stable automotive market, the group’s largest customer segment. Based on the profit development and the financial stability in 2013, the Ludwig Schunk Foundation has again decided to pay Schunk employees a profit-share payment this year.
“2014 is also proving to be a challenging year but Schunk is very well positioned in all business areas. We are experiencing increased demand for our high-tech products and are also benefiting from the current economic upswing in our core markets,” stated Roth.
Schunk is an international technology group with approximately 8,150 employees in 29 countries. The company offers a broad range of products and services in the areas of carbon technology and ceramics, environmental simulation and climate technology, Powder Metallurgy, Metal Injection Moulding, and ultrasonic welding technology.