Record year for Ziehl-Abegg


12 March 2024

German electric motor and fan manufacturer Ziehl-Abegg has reported its most successful year ever, with revenue growth of 9.5% in 2023 to €955million.

Dr. Marc Wucherer, CEO of Ziehl-Abegg, said: "This is the best year in the company's history.''

A highlight of 2023 was the groundbreaking new plant in the US, a €100 million investment to support growth in American markets. Ziehl-Abegg also began construction of a new plant construction in Vietnam and launched a new production facility in Poland.

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This year, production is being set up in India, while in Germany, Ziehl-Abegg has invested more than €30 million in an improved machinery park and automation technology.