BLOMBERG, Germany, April 18, 2024 /PRNewswire/ -- At a recent press
conference, CEO Frank Stührenberg
took a look back at the company's 100th anniversary celebrations in
2023 and its sustained growth during this time. Looking ahead to
2024, he spoke about revenue growth and the planned investments for
international site development.
"Last year was very special for us. Together, we have achieved a
great deal throughout the 100-year history of our company, and have
remained true to the values and culture of our family business
despite our growth and development," states Frank Stührenberg.
Numerous events were held around the world to celebrate this
anniversary together with all employees. However, the focus was
also on the future: In 2023, Phoenix Contact hired 199 young
people – the highest number of trainees and dual students in the
company's history. "Training is a high priority for us, and always
has been," emphasizes Stührenberg. Projects for the future were
also initiated worldwide in order to further promote
sustainability. Phoenix Contact was awarded Ecovadis Gold
Status in 2023 for its wide-ranging measures. The company is thus
among the top five percent of companies in the electronics
industry. The use of bio-based materials and the restructuring of
transport routes and methods, for example, contribute to the
company's Product Environmental Footprint.
A consolidation of growth became apparent over the course of
2023, with incoming orders declining due to high material
inventories. This trend affected all major markets. Stührenberg
emphasized the following point: "If we look at the last four years
from 2020 to 2023, we have been able to achieve an average growth
of 9.2 percent. This represents a growth of one billion euros over this period. It also means
that our markets as well as our products and solutions for
electrification and automation are the areas where we expect to see
further investment in the future." In 2023, Phoenix Contact
recorded a five percent fall in revenue to
3.4 billion euros. The company invested
300 million euros in buildings, machines, and
digitalization.
Stührenberg does not expect a further decline in revenue for
2024. Since the beginning of the year, there have been signs of
recovery, with incoming orders picking up, especially for terminal
blocks. "We will continue our investments at the Blomberg site. We
are planning to complete the extension to the existing logistics
building for 2028." Phoenix Contact is investing a total of
around 100 million euros in the fully automated logistics
building that will provide an additional storage volume of
200,000 m³. Further investments are being made in Building 60,
the energy-positive production building at the end of
Flachsmarktstraße that is soon to be occupied by 400 employees. The
investments for this project total 35 million euros.
Investments
For 2024, the company is planning to invest in the development
of sites in Turkey and
Mexico in particular. "From an
international perspective, we will position our production even
more broadly in order to shorten delivery routes for our products
and solutions and therefore reduce possible disruptions in the
supply chains," explains Stührenberg. In Turkey, Phoenix Contact will take over
full control of the production joint venture Acel and will develop
an 8,000 m² production site for up to 500 employees. In
Querétaro, Mexico, a new building
is currently being constructed for electronics and
electromechanical production with up to 700 employees, representing
an investment of 50 million euros by 2030.
Hannover Messe
"For us, the Hannover Messe continues to be a central and
important event that enables us to engage with our customers from
all over the world and present our new products to them," says
Stührenberg, emphasizing the importance of the trade fair. "In
addition, we are taking advantage of its proximity to our locations
in Blomberg and Bad Pyrmont to give our 600 international guests an
impression of our vision of the All Electric Society." With this in
mind, the family-owned company is once again presenting new
products at the trade fair that will drive forward the
electrification of society. In particular, these include a
controller for building automation, which, in its control cabinet
format, can also be used in a domestic electrical distribution
board. This can be used to control light, ventilation, and heating.
A plug-in display facilitates commissioning and maintenance. In
addition, various states of inputs and outputs, such as those for
light control, can also be detected.
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