Turck on Course for Growth

  Enquire / contact me

German automation specialist will increase this year's group turnover to around 470 million euros

Turck on Course for Growth
Turck on Course for Growth

Turck, the Mülheim-based automation specialist, is expecting a consolidated group turnover for the current financial year 2014 of around 470 million euros. According to Turck managing director Christian Wolf, the family-owned enterprise can achieve an increase in turnover of over five percent by the end of the year. In 2014 the number of employees worldwide rose from 3,350 to over 3,500. Exactly a half of these are employed by the Turck Group at its German sites in Beierfeld, Detmold, Halver and Mülheim an der Ruhr.

"With more than ten percent growth we enjoyed above average success in 2014 in the German market and likewise in North America," Wolf said. "To maintain continued growth above the market average, Turck is continuously investing in the future. This not only applies to product development but all corporate areas. Between 2012 and 2016 the amount invested in buildings, production, logistics and IT solutions will be around 100 million euros. Furthermore, as part of our globalization strategy we have founded 13 new national subsidiaries in the last ten years. The latest example is the acquisition of our long standing Canadian sales partner Chartwell Automation, with which we wish to extend our market leading position in North America."

In spite of the currently gloomy economic indicators, Wolf expects further growth in 2015: "A forecast at this time is difficult due to the uncertain development of the economy. As things currently stand, however, we also expect to grow faster than the market in the coming year and achieve at least five percent growth," the Turck managing director said.

Posted on October 24, 2014 - (95 views)
Related articles
Take your temperature measurements to the next level
Custom Engineered Components
Ergonomic Safety Handles
High-Speed Camera with 4 Channels CXP-12
Bolts Configurator with Groove
3D Scanning and Inspection Solutions
Bi-Metal Temperature Gauges
Hoist Trolleys
Reels for Hydraulic Applications
Growth Record for Schaffner in Fiscal Year 2017/2018
Sensing Innovation in Process and Control
Ultrasonic Flowmeter TRX
Hannay Reels Delivers Every Time
Multi-protocol Network Diagnostics
Take your Manufacturing to the Edge. Connect Everything
Power in new Dimensions - BXT Motor Family
Mechanical Position Sensor MP600 Series
Heaters of H series
3 Phase Book Style EMC Filter
Leading Distributor in Automation & Robotics Technology
High-Speed Camera with 4 Channels CXP-12
Bi-Metal Temperature Gauges
Industrial Wireless LAN Access Points
FMAC NEO: 3-Phase Mains Filter
Cogent DataHub IoT Gateway
Chip Fuse for Highest Demands
SUT-H: for Hgh Inrush Currents
FPBB RAIL - Compact DIN-Rail Filter
DG11: IEC Appliance Plug with Circuit Breaker
Labfacility L60+ Thermocouple & Fine Wire Welder
Ergonomic Safety Handles
Bi-Metal Temperature Gauges
Hoist Trolleys
Interactive Projection Module
JVL Shows the Highlight of SPS IPC Drives 2018
Schildknecht Presents the Universal ioT Gateway at SPS IPC Drives 2018
Danfoss Drives Presented its Latest Novelties at SPS IPC Drives 2018
Rockwell Presents the iTrack System at SPS IPC Drives 2018
Microscope Optics by Optris Presented at SPS IPC Drives
Aucotec Presents the DCS Portal at SPS IPC Drives 2018