Pilz achieves new record values for turnover and number of employees
The Pilz group of companies based in Ostfildern, Germany, enjoyed a very successful end to the 2014 financial year. The family business increased its turnover to the new record value of US$287.2 million (259.3 million Euro). This is an increase of 11.3 percent over 2013 for the world market leader in safety relays and safety control systems. The number of employees also rose last year, by 6.3 percent, to 1,922.
"Our growth is based on a strong foundation in terms of regional distribution, industry sectors and our portfolio as well", explains Renate Pilz, Chair of the Board of Pilz GmbH & Co. KG. The fact that the share of exports rose again, to 69.5 percent (+ 1.3 per cent over 2013), provides the evidence. Turnover growth was also recorded in the classic European markets.
Excellent prospects in the Far East
As in previous years, the Asian market, most notably China, remained the largest growth market. Pilz benefits not only from sustained local growth of export-oriented engineering, but also from Chinese industry's increased focus generally on quality, sustainability and therefore also safety. Since opening its production site in the Chinese city of Jintan in Spring of 2015, Pilz has been supplying customers in China even faster.