Wago News: Turnover hit one billion and new central warehouse
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The Wago group is building a new one Central warehouse at its location in Thuringia. In addition, the company will achieve the biggest milestone in its sales development in 2021: The specialist for electrical connection technology and Automation services has the beginning of November Billion in sales cracked. You can find this and other news from Wago below:
Contents
- Wago invests 40 million in a new central warehouse
- Participation in SPS 2021 cancelled
- Wago cracked the billion in sales with a 20 percent plus
- Wago Electronics GmbH founded
- Wago closes 2019 with sales of 954 million euros
- Who is Wago?
Wago invests 40 million in a new central warehouse
06.04.2022 | Wago is clearly committed to his Location in Thuringia and is expanding its gateway to the world with an investment of 40 million euros. The production plant in Sondershausen was founded in 1990 in the Hainleite commercial area in Sondershausen. Since 1999, with the logistics center, it has been the hub for worldwide shipping. The connection and automation technology provider is now investing in a modern high-bay warehouse.
“Here we have the ideal location for deliveries within Europe. But our national companies in 80 countries around the world are also supplied from Sondershausen,” explains the Chief Operation Officer Yannick Weber and emphasizes: "What is particularly important is our great, committed team, which has constantly expanded and developed. Local know-how is becoming increasingly important to us, especially in times of digitization, and was an important criterion for our decision to continue investing in Thuringia.”
With 11.000 m², significantly increased capacity
With the new logistics center, Wago is once again significantly expanding its capacities. A modern high-bay warehouse with a highly automated picking and storage area as well as office space is being built on an area of 11.000 m². A bridge will connect the new logistics center with the existing logistics. "Construction is scheduled to start in autumn 2022, and commissioning is scheduled to take place around two years later," explains Diana Wilhelm, Vice President Corporate Logistics and responsible for the new building.
"WAGO is growing strongly, so it is important for us to expand our capacities, but above all to ensure sustainable logistics with a high level of delivery service. In this way, we are also doing justice to the increasing dynamics of our markets.” Playing beyond that Energy efficiency and resource conservation an important role. Sustainable building and insulation materials as well as an efficient energy supply have been integrated into the planning since construction activities began.
The focus of the new building is on increasing digitization and automation of logistics and Wago wants to develop the location in a sustainable way and secure it in the long term. “Of course, this also applies to our production at the site. Here, too, we rely on the latest technologies in order to be able to grow on the same space and remain competitive," says Yannick Weber. In order for this to succeed, it takes qualified specialists and junior staff, which are particularly sought after in the training sector. With over 1000 employees, the company is one of the largest employers in northern Thuringia.
Participation in SPS 2021 cancelled
16.11.2021 | The Wago Group announced its participation in the trade fair a week before the start SPS cancelled, because the current pandemic situation and the rapidly increasing incidence numbers do not allow participation in such a major event.
"We decided to take this step because we are responsible for the safety of our employees and customers - and this is our top priority," explains Chief Marketing Officer Christian Sallach the cancellation.
“Of course we were looking forward to getting in personal contact with customers again and to presenting ourselves at this renowned trade fair for the automation industry. Therefore we regret the short-term cancellation, but don't see any possibility of fully guaranteeing the health protection of our team, ”says Christian Sallach.
The supplier of connection and automation technology will be one for customers and interested parties at the beginning of the new year digital alternative to present its product highlights. Then they will also be able to enter into a direct exchange with experts.
Wago cracked the billion in sales with a 20 percent plus
08.11.2021 | The WAGO Group has the tailwind in the Electrical Engineering- and automation industry and the overall economic growth successfully used this year and cracked the billion in sales at the beginning of November. With the Sales increase of more than 20% Compared to the previous year, according to the Top 100 ranking of the strategy consultancy Munich Strategy, Wago is one of the 100 fastest growing medium-sized companies in Germany, reports the Handelsblatt.
Wago thanks employees for their commitment with a worldwide bonus payment. In the course of the corona pandemic, large parts of the workforce were quickly switched to mobile work with an adapted IT infrastructure and flexible working models. Despite the challenging circumstances, it was also possible to achieve this increase in performance thanks to a comprehensive health concept.
As an international group of companies, Wago is also part of the tense procurement situation faced. In combination with the persistently high order backlog, this is a challenge for production and all areas of the supply chain. Very careful planning and excellent coordination among the teams help to control the situation.
“The signs at Wago point to growth. We have our eyes firmly on the second billion in sales, ”emphasizes CEO dr Heiner Lang. For this, the team should also grow. Reinforcement is sought in all areas - from engineers to IT and sales experts to specialists in administration and production.
Wago Electronics GmbH founded
28.04.2021/XNUMX/XNUMX | With the newly founded Wago Electronics GmbH, the family business is expanding Power supply expertise further out. At the new location in Erwitte, the power supply experts are developing innovations and customer-specific solutions together with the Interface Electronics business unit at the Minden headquarters. On March 01st, 2021, the team moved into new premises in Erwitte, where it should continue to grow.
Klaus Böhmer and Dennis Dusny act as managing directors. “Power supplies developed in-house are an important growth area for Wago. That is why it was important for us to permanently expand our development know-how in this area, ”explains Klaus Boehmerwho is also responsible for the international sales of the supplier of electrical connection and automation technology. "My vision is to develop Wago Electronics into the strongest possible subsidiary, which is also noticed on the market in the field of power electronics," adds Dennis Dusny.
Wago closes 2019 with sales of 954 million euros
19.05.2020/2019/XNUMX | The Wago Group has the year XNUMX with a 2,4% increase in sales closed. The provider of electrical connection technology and automation technology can look back on a total investment of 150 million euros last year. After a successful first quarter of 2020, Wago is now preparing for the effects of the corona crisis, which could outperform those of the 2009 financial crisis.
"With a turnover of 954 million euros, we were not able to achieve our growth target, but we were able to hold our own in a difficult international market environment", said Sven Hohorst, Executive Partner. Looking back on the past year, a very heterogeneous development can be determined both in terms of time and region. “While Europe has mostly developed positively and we were able to slightly increase our market share here, business activity in Asia was primarily impacted by the trade dispute between the USA and China,” comments Sven Hohorst.
The distribution of sales according to national markets has changed only slightly at Wago compared to the previous year. While Germany with a turnover share of 27% traditionally represents the most important market, the rest of Europe reaches 44%, ROW (Rest of World) is just under 30%.
The Wago Group is represented globally with nine international production and sales locations, 20 additional sales companies and agencies in over 80 countries. The investment focus remains Germany. In 2019, investments were again above average for the industry. More than 75% of the Total investment 150 million euros went to the Sondershausen, Minden and Päpinghausen sites.
Wago expects a decline in orders and a global impact
In contrast to other industries, the Wago Group looks at things successful first quarter of 2020 back. "With their efforts, production and logistics in particular ensured a positive start to the year," says Sven Hohorst. “However, as a company, we are now also seeing significant declines in incoming orders at the end of the process chain.” France, Italy, Spain, Belgium and Denmark are particularly badly affected.
News from the anniversary Mitsubishi Electric
The economic consequences of the corona crisis cannot currently be quantified. But they will put a heavy strain on the entire Wago Group. "We are preparing for the fact that the effects will be more severe than the 2009 financial crisis," is the forecast. Nevertheless, they firmly believe that the situation will improve in the future. "This year we will continue to invest almost 90 million in important future projects - two thirds of which will remain here in Germany," the managing director announced. One focus is on the development of new products and solutions in all of Wago's technology areas.
The Wago Group is an international supplier of electrical connection technology, automation technology and interface electronics, including connection terminals, components for the Power Supply, Controllers, sensors or switches. The family-run company, founded in 1951 and headquartered in Minden, is the world market leader in the field of spring clamp technology. Of the 8500 employees around the world, around 4000 are employed in Germany in Minden in East Westphalia and in Sondershausen in Thuringia.
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