You are hereHome SectorsUAE
Digital Transformation: Phoenix Contact creates new platforms, alliances and partnerships
Source: AETOSWire for Phoenix Contact , Author: Posted by BI-ME staff
Posted: Wed April 24, 2019 12:46 pm

UAE. -- (AETOSWire) -- Phoenix Contact achieved sales of EUR 2.38 billion in 2018 with sales growth of 8%. At the same time, the number of employees increased to 17,400 worldwide.

"From a global perspective, we had very good growth figures in the markets, but had to accept negative currency effects," says CEO Frank Stührenberg. "In Germany, still our most important market for Phoenix Contact, we again achieved a very good result with 7%. There was double-digit growth in all regions of the world".

The company invested €207 million in IT infrastructure, machinery and equipment as well as buildings. An amount in excess of 200 million euros will again flow into investments this year.

In China, for example, Nanjing, the headquarters of our Chinese subsidiary, will expand its production and logistics facilities to a total of 23,000 m². The location will be completely built according to Industry 4.0 standard. The site in France will invest 15 million euros in logistics and office space by 2020.

The logistics in Harrisburg, USA, will be expanded by 7,700 m². A new building for printed circuit board connection technology with 10,300 m² is currently being built in Blomberg. Development units, laboratories and product management offices in the immediate vicinity of the production building will find their home here.

In the current year 2019, a budget of 7% of sales for research and development will primarily serve product technology for digital transformation as well as solutions for the future markets of energy, mobility and infrastructure.

At the Hannover Messe, which began on April 1, Phoenix Contact, once again, was the third largest exhibitor presenting its solutions for the digital transformation. With a total of 2,500 m², the company was present at 11 trade fair stands.

About Phoenix Contact
Phoenix Contact, a global market leader and innovator in the field of electrical engineering, is headquartered in Germany. Phoenix Contact has five production sites in Germany and eleven abroad, with more than 55 sales subsidiaries and 40 representations. Its mission is to provide the best possible solution for your electrical engineering tasks.

Phoenix Contact Middle East in the United Arab Emirates is an independent subsidiary with local management, sales, training, support and logistics operations bringing our innovative products and solutions to clients and partners in the Middle East region.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 25, 2019
UNITED KINGDOM. Smart city traffic technology solutions deployed to ease chronic congestion in cities will generate US$4.4 billion in revenue in 2023.
date:Posted: May 25, 2019
NEW YORK. New YPO Global Pulse survey finds that customers are the primary inspiration (48%) for business innovation around the world; Consultants (10%) and think tanks (7%) lag far behind in the minds of respondents.
date:Posted: May 24, 2019
INTERNATIONAL. The possibility of cosmic real estate is approaching rapidly, with the engineer poised to pioneer the process; It is entirely likely that our next chapter as a species is written in the stars.
NEW YORK. New YPO Global Pulse survey finds that customers are the primary inspiration (48%) for business innovation around the world; Consultants (10%) and think tanks (7%) lag far behind in the minds of respondents.
dhgate