Ten percent more sales
Double-digit growth again at Turck
The Turck Group is once again expecting double-digit sales growth for the 2018 financial year. As Turck Managing Director Christian Wolf announced at the annual press conference at the company headquarters in Mülheim an der Ruhr, the company expects consolidated group sales to exceed the 660 million euro mark in the 2018 financial year. After 600 million euros in the previous year, this would correspond to a growth rate of ten percent. In the reporting period, the number of employees at all Turck locations worldwide rose from 4,500 to over 4,800. At the four German locations in Mülheim an der Ruhr, Halver, Beierfeld and Detmold, Turck currently employs around 2150 people, 100 more than in the previous year.
Almost 20 percent growth in the Asia-Pacific region
"After the Turck Group was able to record the most successful financial year in the company's history in 2017, this financial year has also been very pleasing," said Wolf. "Once again, we were able to achieve double-digit growth almost everywhere, with almost 20 percent, especially in the Asia-Pacific region, but also in Europe/Middle East with around 15 percent. Fortunately, our largest market, the USA, was also able to maintain the previous year's growth spurt."
After Turck founded the first joint venture in the ASEAN region with its strategic partner Banner Engineering in 2017, both companies have continued their internationalization commitment this year - with one sales company each in Malaysia and Thailand. "We see enormous potential for the direct introduction of Industry 4.0 and IoT applications, particularly in Asia. We are already talking to numerous customers in the region about how we can meet this demand with our Turck Cloud Solutions," commented Wolf on the ASEAN focus. A further sales company was established in South Africa in 2018 through the acquisition of long-standing sales partner RET Automation. pb
You might also be interested in
UHF-Handheld fürs Smartphone
Mit dem PD20 erweitert Turck sein RFID-Produkt-Portfolio um ein UHF-Handheld zur Anbindung an ein Smartphone.
read more...Passivverteiler in M8-Ausführung
Turck komplettiert sein Angebot an Mehrfach-Passivverteilern mit Varianten mit M8-Anschlüssen. Die vollvergossenen TB-4M8 und TB-8M8 erfüllen Schutzart IP67 und sind geeignet für Applikationen mit geringem Platzangebot.
read more...Produktionsdaten sicher in der Cloud speichern
Turck stellt auf der Hannover Messe seinen Cloud-Dienst Turck Cloud Solutions vor. Die Lösung setzt auf vorkonfigurierte Datenauswertung für industrielle Zwecke, Datensicherheit und einfaches Handling in der Visualisierung.
read more...ESTIA aims to strengthen Europe's cloud
New tech alliance for EU sovereignty
Twelve companies, including Dassault Systèmes, are founding the European Sovereign Tech Industry Alliance (ESTIA). The initiative aims to strengthen Europe's technological independence and define requirements for sovereign cloud services. The start...
read more...Deutsche Telekom and Nvidia launch one of Europe's largest AI factories
With the Industrial AI Cloud in Munich, Deutsche Telekom and NVIDIA are creating one of the largest AI factories in Europe. Companies can train AI models, carry out simulations and access 10,000 GPUs.
read more...Leveraging data potential with AI and streaming
Huge data treasures are still lying dormant in many manufacturing companies. And yet it is high time that these treasures were unlocked. There is often a lack of resources and capacity to make data usable in real time. Streaming production data can...
read more...More awareness of noise
Dematic offers solutions that are tailored to different cloud environments and reduce environmental impact through reduced material consumption and improved energy efficiency.
read more...Generative AI in the automation environment
The mechanical engineering and automation industry is undergoing profound change. This transformation is being driven by more volatile global trade, geopolitical crises and increasing market pressure, which demands greater agility, technological...
read more...Rigid data structures have had their day
The traditional data center is no longer the center of data. A hybrid cloud storage approach enables manufacturing companies to both meet the current requirements of data-intensive processes and future-proof their infrastructure.
read more...