Liebherr’s 2013 Turnover Steady Despite Weak Economic Climate

MarineLink.com
Tuesday, December 17, 2013
Photo: Liebherr

The overall economic situation did not improve in 2013. According to current forecasts, the global economy will grow by just under 3% and global production probably by 3.1%. In this year the volume of worldwide trade will, according to World Trade Organization (WTO) forecasts, increase by 2.5%.

Turnover forecast for the 2013 business year

In view of only moderate overall economic development this year, the Liebherr Group expects its total turnover to reach €9.1 billion, which equals the previous year’s figure.

A slight downturn is anticipated in the construction machinery and mining area, where turnover according to current forecasts will be in the region of €5.6 billion, just €249 million or about 4% lower than in 2012. The Liebherr Group’s construction machinery and mining area includes the earthmoving, mobile cranes, tower cranes, concrete technology and mining divisions.

Outside the construction machinery and mining area, on the other hand, growth is anticipated. The Group expects turnover in this business area to reach 3,466 million €, an increase of 245 million or 8%. The area comprises the maritime cranes, aerospace and transportation systems, machine tools and automation systems and domestic appliances divisions, together with miscellaneous products and services that include the components division.

Investments
The Liebherr Group has invested in modernization and expansion of its worldwide production network, and also in further strengthening of its sales and service organization. The Group’s total investments in the 2013 business year are expected to reach slightly more than €800 million, a figure below the previous year’s total.

Construction of a new logistics centre for Liebherr-Logistics GmbH near Kirchdorf an der Iller (Germany) deserves special mention. It will be used initially to supply spare parts for Liebherr earthmoving machinery worldwide. In the long term it is planned to transfer spare part logistics for further construction machinery divisions to this location. After the first construction phase the building will cover an area of more than 47,000 m² and will go into operation in the first quarter of 2015. Investment volume for the first phase amounts to more than €100 million. When the centre is completed, Liebherr will have a 360,000 m² site boasting hall space of around 170,000m² and 4,500m² of office space.

Another major project is investment in extending the premises of Liebherr-Australia Pty. Ltd. at its Adelaide location, to which for example a warehouse building, a logistics center and a component remanufacturing centre are to be added. The aim is to offer the region’s mining customers still more comprehensive support.

The aerospace and transportation systems division is currently extending its production facilities at Liebherr-Aerospace Lindenberg GmbH (Germany) for aircraft landing gear systems as well as flight control and actuation systems. This investment is intended to provide a distinct long-term increase in production capacity.

Within the components division, Liebherr-Components Biberach GmbH began construction work in August 2013 on an additional factory near Biberach an der Riss (Germany). It is intended to accommodate the development and production of switchgear, electric motors and generators. In Colmar (France) a new factory covering an area of 50,000 m² has been built. The components division will operate it as a research and development centre and for the production of mining components.

A new production building with adjacent administrative building has been added to the Liebherr production plant for hydraulic excavators, wheel loaders, material handling machines and transmissions in Dalian (China). It is intended to increase the production capacity of Liebherr Machinery (Dalian) Co., Ltd. for the Chinese market and for various other threshold countries.

Workforce

According to current estimates, the group’s workforce will increase by 1,870 in 2013, to a total of 39,670.

Outlook for 2014
Despite gradual recovery in the highly developed national economies, only moderate global economic growth is anticipated: the International Monetary Fund assumes that growth will be 3.6%.

The Liebherr Group views the coming business year with restrained optimism. In its initial forecast for 2014 it expects total turnover to reach a volume similar to that achieved in the previous year. The workforce will probably increase slightly in size.

liebherr.com
 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Costa Concordia: Operations to Tow the Wreck Begin

Maneouvres began early on Wednesday to remove the rusty hulk of the Costa Concordia cruise liner from the Italian island where it struck rocks and capsized two years ago, killing 32 people.

Thai Resort Owners Sue State Owned Company for Oil Spill

Business owners on Koh Samet island are suing a state-owned petroleum enterprise for the oil spill that polluted the resort island's beaches last year. More than 50,

Bahrain US$35-M Land Reclamation Contract for GLDD

Provider of dredging services in the United States and a major provider of environmental & remediation services, Great Lakes Dredge & Dock Corporation (GLDD) says

Finance

Scorpio Tankers: Latest Financial & Ship Delivery News

Scorpio Tankers Inc. says it has updated its stock buyback program; lists its latest new vessel deliveries, and gives the release date of its second quarter 2014 earnings report.

Box Ships Inc. Repays Commerzbank Loan

Greece-based Box Ships Inc. says it has repayed in full the outstanding amount under its loan agreement with Commerzbank AG dated July 29, 2011.  The outstanding amount of the loan,

Aker Philadelphia Shipyard ASA : Purchase of own shares

Aker Philadelphia Shipyard ASA (the "Company") (Oslo: AKPS) has on 21 July 2014 purchased 2,155 shares in the Company on Oslo Axess at an average price of NOK 160.

News

USCG Rescues Woman from Detroit River

The Coast Guard rescued a 30-year-old woman from the Detroit River late Sunday evening after she was reported to have fallen overboard when the vessel she was on was struck by another boat's wake.

Sanjam Gupta helps Launch WISTA in Sri Lanka

Within two years of the launch in India in 2012, the Women’s International Shipping and Trading Association (better known as WISTA), Ms. Sanjam  Sahi  Gupta,

General Dynamics Launches Morgan County NextGen-911

General Dynamics Information Technology, a business unit of General Dynamics, has implemented a NextGen-911 emergency service solution for Morgan County, Ohio.

Marine Equipment

General Dynamics Launches Morgan County NextGen-911

General Dynamics Information Technology, a business unit of General Dynamics, has implemented a NextGen-911 emergency service solution for Morgan County, Ohio.

Training Builds Support for Sennebogen Customers

When Sennebogen LLC opened its new headquarters in Stanley, N.C., in 2009, the facility was equipped with one of America’s premier OEM Training Centers for heavy equipment.

Electronic Navigation & Dispute Resolution: Coming of Age

ECDIS, AIS, GPS Electronic navigation systems such as GPS, Electronic Chart Displays (ECDIS) and Automatic Identification Systems (AIS) provide great assistance

Deck Machinery

Harnessing the Wind for Auxiliary Propulsion

Finnish marine engineering company Norsepower Oy Ltd. announced that it will bring to the commercial maritime market an auxiliary wind propulsion solution aimed

McDermott to Auction Fabrication Yard Assets

A joint venture of five industrial auction companies will sell the physical assets of the 300-acre McDermott fabrication facility in Amelia, La. McDermott continues

Dutch Crane Barge Assists Concordia Refloat

Costa Concordia floats again; Dutch Crane barge Conquest MB1 stays around for assistance. The disaster cruise ship Costa Concordia floats again, and Dutch company

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1896 sec (5 req/sec)