Annual outlook
New heads, new location, new partner, new technology, new strategy
At its annual press conference in Mülheim an der Ruhr, the automation specialist Turck gave an outlook on its plans for the coming year - and took stock of the past year.
Turck Managing Director Christian Wolf was not entirely satisfied with the expected result for 2019. 640 million euros in total turnover is slightly below the previous year's result. Nevertheless, for a company that is heavily involved in the struggling automotive sector, it was not bad. The losses in this sector were offset by strong growth in new areas such as RFID technology. In the coming year, Turck intends to increase turnover slightly to 670 million euros.
A structural change should help: in future, Turck wants to produce more products in the target regions of North America and East Asia in order to be faster and cheaper for customers in the region. But there is also growth in Europe: a new production site is opening in Lublin, Poland.
In Germany, Turck has acquired a minority stake in the radar and sensor specialist Asinco. The aim is not only to benefit from the expertise in the field of radar sensors, but also to learn from the engineering company's rapid development processes.
There was also news in terms of personnel: After Dirk Wunder took over responsibility for marketing at the beginning of September, Michael Gröbner came on board as Managing Director with responsibility for production and research on December 1. dsc
You might also be interested in
Turck: Dirk Wunder übernimmt Corporate Marketing
Dirk Wunder verantwortet seit 1. September 2019 das Corporate Marketing beim Automatisierungsspezialisten Turck. Er übernimmt die Position von Geschäftsführer Christian Wolf.
read more...VDE study on electrical engineering
More retirements than graduations
According to a VDE analysis, more than 30,000 electrical engineers will retire by 2029 without enough graduates to replace them. This is due to falling student numbers and high drop-out rates.
read more...Giving lightweight construction a profile
Pultrusion: A process that forms fibers under tension
Pultrusion is developing from a niche process into a key process for lightweight construction and sustainable fiber composite structures. The Fraunhofer IWU shows applications from energy to mobility.
read more...Green hydrogen directly from the sun and water
A start-up project at the Karlsruhe Institute of Technology (KIT) aims to fundamentally simplify the production of green hydrogen: Mass-produced photoreactor panels are to be used to produce hydrogen directly from sunlight and water - without...
read more...Fraunhofer shows industrial future between AI, data and new materials
At Hannover Messe 2026, the Fraunhofer-Gesellschaft will be presenting solutions for a resilient industry: from AI and data rooms to hydrogen technologies and material and recycling innovations.
read more...The bottleneck is in the system
Is the transformation of the industry failing due to "German Angst"?
A recent ISF study examines what is slowing down change in German industrial companies. According to the results of the study, the causes of innovation bottlenecks often lie in internal structures and a lack of strategic orientation.
read more...Why a data-secure Germany needs joint implementation
Is 2026 a key year for a data-secure and networked Germany? Michael Fritz from the Fraunhofer Cluster CCIT explains why the coming year will be crucial for secure data spaces, common technical standards and Germany's digital future.
read more...Biodegradable label makes transportation conditions traceable
Researchers are developing a smart, compostable label that measures temperature and humidity and detects when limit values are exceeded.
read more...AI support for the circular economy
An assistance system developed at Fraunhofer IPK is used to identify, sort and assess the quality of disused household appliances, thus contributing to recycling and waste avoidance with the help of artificial intelligence.
read more...