18 April 2023
German fan manufacturer Ziehl-Abegg has published record sales of EUR 873 million for 2022, an increase of 22%.
The number of employees globally rose to 5,100 (previous year 4,700). Despite the closure of its site in Russia and the general lack of stability in the supply chain which made production planning difficult, Ziehl-Abegg says it now plans further investments in new plants in Germany and abroad.
In autumn 2022, work began on the construction of a new EUR 50million plant in Lodz, Poland, and earlier this year the foundation stone was laid for a new plant in the USA in which around EUR 100 million euros 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 CEO Marc Wucherer.
Trends such as digitalisation, expansion of wind power, food production as well as building ventilation, heating and air conditioning technology are expected to further fuel demand for Ziehl-Abegg products in the coming years. In addition, the continuing interest in heat pumps is expected to increase demand for quiet and efficient fans, with experts predicting double-digit growth rates for the industry worldwide.
In order to exploit the growth potential despite limited employee capacities in Germany, Ziehl-Abegg is focusing on automation in all its existing plants and an expansion of the international production capacities. It is also investing in young talent on a targeted basis in order to sustain its success in the market over the long term.