KÜNZELSAU, Germany, 8 March 2024: Ziehl-Abegg, announced that it concluded the fiscal year 2023 as the most successful year in the company’s history. Making the announcement through a Press release, Ziehl-Abegg said, with a revenue growth of 9.5% to EUR 955 million and the largest single investment in the company’s history, it has set new standards. Furthermore, Ziehl-Abegg said it has set the course for sustainable global growth, with a newly developed strategy and comprehensive structural realignment.

Dr Marc Wucherer, CEO, Ziehl-Abegg, said: “2023 marks a historic year for Ziehl-Abegg. With a revenue increase to EUR 955 million and a 9.5% increase compared to the previous year – the company has solidified its market position. This is the best year in the company’s history.”

Ziehl-Abegg said a highlight of the year was the groundbreaking new plant in the United States, a EUR 100 million investment to support growth in the American markets. In parallel, Ziehl-Abegg said, it initiated a new plant construction in Vietnam and launched a new production in Poland. Additionally in 2024, the company said, production is being set up in India, and added that it has invested more than EUR 30 million in an improved machinery park and automation technology, in Germany.

Given the continuous growth, Ziehl-Abegg said, it is adapting its internal structures, to enable more effective action on a global level. The company said the reorganisation includes, among other things, division into four geographic areas: Central Europe, EMEA, APAC, and the Americas. This adjustment, Ziehl-Abegg said, reflects the regional and globalised customer world and the rapid growth of foreign markets.

Dr Wucherer said: “This brings us closer to our markets and customers.
Moreover, Ziehl-Abegg has also adjusted the global production network to meet customer needs.”

With the ZA2030 strategy, Ziehl-Abegg said, it pursues ambitious goals such as carbon neutrality, sustainable products, and complete transparency about environmental impacts. This vision, Ziehl-Abegg said, underscores the company’s commitment to sustainability and social responsibility.

Dr Wucherer said: “We will make an even more positive contribution to people and the environment. Moreover, the course for further growth is set, with a clear focus on innovation, sustainability, and global customer proximity.”

Ziehl-Abegg also said it stands for future-oriented and sustainable corporate management, economic success, and customer proximity, and added that the company is advancing further stages of digitalisation and improving customer service.