Navigation Links
Freudenberg Reports Third Year of Sales Growth in 2012

PLYMOUTH, Mich., April 23, 2013 /PRNewswire/ -- Freudenberg, a global, family-owned group of companies, grew sales for the third year in a row. In 2012 sales amounted to EUR 6.322 billion (USD 8.2 billion), the highest in the Company's history, and 5.5 percent higher than 2011. Sales in North America grew by almost 19 percent to EUR 1.4 billion (USD 1.8 billion).

"Freudenberg successfully held its ground in a particularly challenging market environment and achieved strong and profitable growth in many areas. Our broadly diversified product portfolio and our global presence are the foundation for our success," Dr. Mohsen Sohi , Speaker of the Board of Management of the Freudenberg Group, said in the annual press conference in Weinheim, Germany. "Freudenberg was able to grow sales further thanks to innovative products, a high degree of customer orientation and flexibility as well as structured and sustainable expansion in growth markets."

Although the financial and debt crises impacted business in markets in Southern Europe, the decline was offset by growth in the BRIC countries and in North America.

"Across the board, all Freudenberg companies in North America had a good year, reporting better profits in 2012 than in previous years. Overall, operating results for the Region improved by 26 percent. That is extremely important because North America, Freudenberg's second largest market, currently generates 21 percent of total Freudenberg sales," said Leesa Smith , Freudenberg North America president and regional representative. "Increased automotive sales played an important role in achieving improved 2012 results."

Employment rose to 7,739 in North America compared to 6,983 the previous year, reflecting increased sales as well as new investments and acquisitions made in the Region in 2012. During the year, Helix Medical, Freudenberg's medical technology business, acquired MedVenture Technology Corporation, a leading designer and manufacturer of medical technology solutions for minimally invasive surgical devices with facilities in Jeffersonville, Indiana and Minnetonka, Minnesota and opened a new production facility in San Jose, Costa Rica. Freudenberg Oil & Gas, global provider of innovative seal solutions and differentiated seal products to the upstream oil and gas industry, opened a 14,000-square-foot materials and products testing facility in Houston and acquired Scott-Matrix Ltd., a Newcastle, UK based manufacturer of elastomeric sealing solutions for the oil and gas industry and a Norwegian supplier of high integrity sealing solutions for oil and gas industry, Vector Technologies. Freudenberg IT (FIT), a global leader of mission-critical managed hosting services opened its newest data center and office in Durham, NC. Freudenberg's industrial sealing technology business, EagleBurgmann, acquired SealPots Inc. of Romeo, Michigan, a manufacturer of supply systems for the oil and gas industry. In total, Freudenberg's investments totaled around EUR 100 million (~USD 130 million) in 2012.

Talking about prospects for 2013, Dr. Sohi stated, "We anticipate strong growth in China, an increase in sales in India and Brazil, and continued stable growth in the USA."

With 27 percent of its current products being less than four years old, Freudenberg continues to focus on innovation, making technology leadership one of the major factors of the Company's stable growth.

About the Freudenberg Group: The Freudenberg Group is a family company offering its customers technically challenging product solutions and services. The Group is first and foremost a supplier specializing in seals and vibration control technology, nonwovens, filtration, lubricants, and release agents as well as mechatronic products. The end-user can find modern Freudenberg household products in the shops under the brand names of vileda®, O-Cedar® and Wettex®. For mid-size companies, in particular, Freudenberg develops software solutions and IT services. In 2012, the Freudenberg Group employed almost 37,500 people in 57 countries and generated sales of over 8.2 billion USD.

About Freudenberg in North America: Freudenberg North America Limited Partnership is the North American holding company for Freudenberg & Co. of Weinheim, Germany that owns a family of companies which operate 15 unique businesses at 58 locations in North America. Together, these companies provide innovative products and solutions to customers in industries ranging from automotive, aerospace, and medical to chemical, oil and gas, and construction.

For further information, please visit

SOURCE Freudenberg Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Danaher Reports Record First Quarter 2013 Results
2. Quest Diagnostics Reports First Quarter 2013 Financial Results
3. Synthetic Biologics Reports Year End 2012 Financial Results
4. CPhI and to Analyze Pharma Industry in Monthly and Annual Reports
5. Medical Marijuana, Inc. Reports Record First Quarter 2013 Revenue and Income
6. Cardium Announces $4.0 Million Preferred Stock Financing And Reports On Exchange Listing Compliance
7. VG Life Sciences Reports Positive Safety Results from Second Cohort Enrollment in Solid Tumor Clinical Trial
8. Inovio Collaborator ChronTech Reports Interim Phase II Clinical Study Results from ChronVac-C Vaccine for Hepatitis C Infection
9. Two New Strategic Reports Expand Coverage Of BioTrends Biosimilars Advisory Service
10. ULURU Inc. Reports Financial Results For Fourth Quarter And Year Ending December 31, 2012
11. Consumer Reports: So Many Drugstores, So Many Prices; New Report Finds Price Mayhem At The Pharmacy
Post Your Comments:
(Date:6/26/2016)... 2016 Story Highlights: ... within the health care industry is causing providers to ... , Deloitte offers a suite of solutions for health ... efficient cost optimization: labor resource analysis, revenue cycle optimization ... better outcomes and better economics ...
(Date:6/24/2016)... 2016   Bay Area Lyme Foundation , ... Center for Tick Borne Illness , Harvard Medical ... Hacking Medicine, University of California, Berkeley, and the ... five finalists of Lyme Innovation , the ... 100 scientists, clinicians, researchers, entrepreneurs, and investors from ...
(Date:6/24/2016)... -- Dehaier Medical Systems Ltd. (NASDAQ: DHRM ... sells medical devices and wearable sleep respiratory products in ... agreement with Hongyuan Supply Chain Management Co., Ltd. (hereinafter ... 2016, to develop Dehaier,s new Internet medical technology business. ... leverage Hongyuan Supply Chain,s sales platform to reach Dehaier,s ...
Breaking Medicine Technology:
(Date:6/27/2016)... Overland Park, KS (PRWEB) , ... June 27, 2016 , ... ... leader in retailers of Eyeglasses . , Millions of individuals in the United ... life, eyeglasses have become a way to both correct vision and make a fashion ...
(Date:6/26/2016)... ... June 26, 2016 , ... Brent Kasmer, a legally blind and certified personal trainer ... through a fitness app. The fitness app plans to fix the two major problems leading ... a one size fits all type program , They don’t eliminate all the ...
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand gesture animations, FCPX ... Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s package transforms over ... Cut Pro X . Simply select a ProHand generator and drag it above media ...
(Date:6/25/2016)... Canada (PRWEB) , ... June 25, 2016 , ... Conventional ... pursuit of success. In terms of the latter, setting the bar too high can ... risk more than just slow progress toward their goal. , Research from ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Pulmonary Hypertension Association ... it will receive two significant new grants to support its work to advance ... 25th anniversary by recognizing patients, medical professionals and scientists for their work in ...
Breaking Medicine News(10 mins):