Ziehl-Abegg reports record sales of 716 million euros
KÜNZELSAU, Germany, 31 March 2022: Ziehl-Abegg reported record sales of 716 million euros in 2021, compared to 639 million euros in 2020. Making the announcement through a Press release, the manufacturer of electric motors and fans said the figure posted in 2021 represented a growth of 11.9%.
Peter Fenkl, CEO, Ziehl-Abegg, describing 2021, said, “In view of the problems with global supply chains, we took a cautious approach at times and, ultimately, managed to do pretty well in terms of sales.”
The company said it was equally heartening that the number of employees worldwide rose to 4,700, compared to 4,300 in 2020.
Fenkl described the earnings situation as “more than difficult”, as the supply chain problems not only had an impact on delivery times but on pricing, as well. “Some suppliers had already increased prices so quickly towards the end of 2020 and then repeatedly in 2021 that we were unable to pass these on to the market on a 1:1 basis,” he said.
Based on the experience in the first quarter, the manager knows that this situation will become more acute in the current year. “I’ve never experienced anything like this before,” Fenkl said. It is relevant to highlight that Fenkl has been at the helm of the family-owned business for more than 20 years.
Ziehl-Abegg said it is regarded as a company with a high level of vertical integration. “We now want to expand this even further,” Fenkl said. However, growth at the headquarters in Hohenlohe is problematical, as there is a serious shortage in the availability of the necessary additional workers there, the company said.
The intention, therefore, is to expand existing production facilities and establish new production sites, it added. Fenkl said: “Additional production sites will bring us closer to our customers.”
The company said the 11.9% growth in sales last year provides a good base for further growth. Ventilation systems were the sales driver in the year just past, contributing EUR 637 million to the overall result, the company said.
Fenkl said he held no illusions about the challenges that lie ahead. “Work shifts are currently being repeatedly cancelled because of a lack of components – how can you realistically plan and how are you supposed to satisfy your customers?” he said.
Ziehl-Abegg employs 2,600 people in Germany, 200 more than a year ago. The number of employees worldwide rose from 4,300 to 4,700. Since employees of the baby boom era in Germany are now increasingly reaching retirement age, this is having a direct impact on the available workforce potential. “Companies must, therefore, openly target Generation Z, the post-millennials,” Fenkl said. “We mustn’t persist with old ways of thinking but instead take the wishes and needs of young people seriously.”
Danfoss: ‘A year above expectations’
NORDBORG, Denmark, 3 March 2022: Danfoss reported an increase in sales by 29% to EUR 7.5 billion in 2021. Making the announcement through a Press release, Danfoss described the performance as a record sales level.
The company said organic growth reached 18% year-over-year. The five-month period of ownership of Eaton’s hydraulics business added EUR 786 million to the top-line, the company said, adding that it delivered extensive growth in all regions. Investments in innovation (R&D) increased 23% to EUR 328 million, the company said. At the same time, it said, operating profits reached the highest level ever, with EBITA of EUR 969 million and EBITA margin of 12.8%. Net profit reached EUR 631 million, up 45%, it added.
“We have never seen better opportunities for Danfoss,” said Kim Fausing, President & CEO, Danfoss. “It is our ambition to be the leading technology partner for our customers in the green transition – decarbonising through energy efficiency, low emissions, and electrification. After all, the greenest energy is the energy that we don’t use.
Our momentum is clearly reflected in our 2021 annual results. Danfoss has delivered the best results in our history, and we are in a strong financial position.
“What makes me most proud is how our teams continue to deal with the pandemic and the significant challenges with the supply chain while delivering a transformational, record year. Unfortunately, these considerable challenges affected our customer service.
In addition, all three segments were affected by inflationary pressure. We will continue to do everything we can to serve our customers, and we will continue our high investments in capacity expansion, innovation and digitalisation of Danfoss.”
Danfoss said it assumes a positive outlook in the market in 2022, with a continued ambition to expand or maintain market share. The outlook includes a full year ownership of Eaton’s hydraulics business, it said. Sales are expected to be in the range of EUR 8.8-9.8bn for the full year, it said. The EBITA margin is expected to be in the range of 11.4-12.9%, following continued investments in the development of new products and solutions, it said.
The expected growth and profitability performance is dependent on the development of the pandemic, the global supply chain disruptions as well as the continuation of the current strong growth rates in the world economy, it added.
Regarding the conflict between Ukraine and Russia, the company said its first priority is to keep its people safe. We are monitoring the situation carefully and will act accordingly.
Khalifa Port strengthens UAE food security with new facility
ABU DHABI, UAE, 25 January 2021: Abu Dhabi Ports said it has inked a 50-year land lease agreement with Anchorage Investment, for the development of grain storage and processing plants at Khalifa Port, to be managed by National Feed, one of the largest Agro commodity processors in Abu Dhabi.
Making the announcement through a Press release, it said the new facility is set to be developed on a 100,000-square-metre plot. With an initial design capacity of 300,000 metric tons, the facility will introduce grain storage and processing capabilities to the multi-purpose port for the production of key food and animal feed ingredients, it added.
Providing Abu Dhabi Ports’ customers with direct access to competitive food ingredients, the facility will utilise grain resources to convert wheat into flour for baked goods, corn into starch, and glucose, barley, corn, and wheat by-products into animal feed, it said.
Saif Al Mazrouei, Head of Ports Cluster, Abu Dhabi Ports, said: “It is a great honour and privilege that Khalifa Port has been selected to serve as the future home for National Feed’s grain storage and processing facilities. Furthering the capabilities of our multi-purpose port and bolstering our ongoing activities within the region’s food supply chain, the operation will introduce several key advantages for the benefit of new and existing manufacturing customers. Our clients will be able to source ready-made, competitive products quickly.”
Following the official handover of the plot of land in the first quarter of 2021, the new project will house several grain silos capable of storing grain for an extended period, providing Abu Dhabi and the wider UAE with a long-term storage solution contributing to national food security, it said in the release.
Abu Dhabi Ports, part of ADQ, one of the region’s largest holding companies, has witnessed a tremendous increase in demand for food storage solutions across its ports and industrial zones, and has been quick to respond to demand, it said.
As such, it said, it has also developed ultra-modern cold and dry storage installations that provide importers and companies involved in food distribution with robust, efficient and sustainable services, along with local and regional distribution centres for handling food and medical supplies.
Edward Hamod, General Manager, National Feed, said: “We are extremely proud to be part of one of the most important ports in the region and the world. Having direct access to superior logistical capabilities not only enhances our service delivery but also allows us to expand our contribution to the national food security ecosystem.
“A robust logistical offering can play a fundamental role in the accessibility and cost structure of food commodity supply chains. With its deep-water capabilities, a strategic geographical location, and access to an extensive road and future rail network, Khalifa Port will unlock new opportunities for National Feed.” Hamod added that the port will not only increase National Feed’s grain storage and industrial capacities but also enhance the movement of products, which will be instrumental to “the abundance and competitiveness of food and feed strategic commodities in the UAE”.
Following the completion of the new facility, Abu Dhabi Ports said, it will leverage the capabilities of the new food storage and processing plant to extend its food supply chain activities within the region. In addition to expanding Khalifa Port’s role beyond handling food containers and livestock, the new facility, it said, will support the operations of world-leading food production brands that have established themselves in Khalifa Industrial Zone Abu Dhabi (KIZAD).
UPS delivers Pfizer vaccine in Saudi Arabia
RIYADH, Saudi Arabia, 21 December 2020: UPS said it has successfully delivered the first batches of the Pfizer-BioNTech COVID-19 vaccine in Saudi Arabia, to support vaccinations of first citizens and expatriates. Making the announcement through a Press release, UPS said Saudi Arabia is the first Arab country to roll out the Pfizer-BioNTech jab, marking a breakthrough milestone in the ongoing response to the COVID-19 pandemic.
Rachid Fergati, UPS Managing Director for Middle East and the Indian subcontinent, said: “UPS has proudly delivered the first batches of the Pfizer-BioNTech COVID-19 vaccine to Saudi Arabia, to support vaccinations of first citizens and expatriates in the country.
“Saudi Arabia is the first country in the Middle East that we are serving, and we are in position to continue delivering what matters to help stamp out the pandemic in the region.
“We have spent months developing new products, agile approaches and new capabilities to ensure we are fully prepared to deliver the vaccine at the right time, at the right temperature to communities all over the world, especially here in the region.
We are honored to work with UPS Healthcare partners in other countries to help deliver what matters in these times.”