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BB NEW MARGIN - MARCH 2009 23/5/08 13:50 Page 1
Another Würth sales record
The Würth Group released preliminary results for financial statement on 6 May 2009 in Künzelsau.
2008 showing annual sales up 3.9% to a record On 7 February a celebration was held in Künzelsau
8.8 billion euros – adjusted for exchange rates to mark 100 years since the birth of company founder
the growth rate was 5.1%. The group expects Adolf Würth. He became an apprentice at Reisser,
an operating result of 520 million euros, which Kupferzell in 1922, going on to sell for the company
would be second only to 2007 in the group’s in Germany, Austria and Switzerland. In July 1945 the
history. company “Adolf Würth, Wood Screws, Kunzelsau”
“Attaining a growth rate comparable to the was founded. Adolf Würth ran the business until his
exceptional 2007 was simply impossible in the death in 1954, when his 19-year old son took over
past year’s economic conditions, which were the company management. Describing his father
looking increasingly bleak as the year progressed. as “straightforward, marketing and sales-oriented”
Nevertheless, against the backdrop of the severe Reinhold Würth also highlighted his mother’s role
economic difficulties especially from October, we in the establishment of the company: “After the
have reason to be satisfied with the sales growth. Second World War my mother was the driving force
It is also important that we again grew profitably that pushed my father towards self employment.”
in 2008 despite all economic upheavals, thereby Referring to the heritage of his father he noted:
attaining a sound operating result,” said Robert “What still lives on in me is his creative travel
Friedmann, chairman of the Central Managing Board urge and above all his uncompromising sales and
of the Würth Group. customer orientation.”
In Germany Würth achieved sales
growth of 6.5% in 2008 – sales growth
had been almost double-digit up to
and including September. In 2008,
the worldwide number of employees
decreased by 1.4% compared with
the previous year to a total of 62,811.
The decrease is mainly attributable to
automation in the Chinese manufacturing
plants of Wurth Electronics Midcom
resulting in a 1,449 reduction in
employees. In Germany, 240 new jobs
were created in 2008 within the Würth
Group. The group will present its audited
Sundram sales dip
India’s Sundram Fasteners Ltd reported sales dropped 3.6 percent to Rupees 2,870 million (45.4 million
euros) during the third quarter of fiscal 2009, with profit plunging to Rs 6.4 million (101,000 euros)
against Rs 180 million during the third quarter of the previous year.
Nine month sales to December 2008 were Rs 10.4 billion (164 million euros) up 16% on same period
previous year. Export sales rose by 40 percent to Rs 3.5 billion. Domestic sales rose 6.3 percent to Rs6.65
billion. Margins were reported as under pressure from increased cost of raw materials and manufacturing
inputs and additional usage of in-company power generation.
EFDA elects new president
In February the executive board of the European Fastener Distributor Association elected Geoff
Hopwood as its president.
Previously vice-president of EFDA and currently vice-chairman of the British Association of Fastener
Distributors, Geoff Hopwood played a leading role in EFDA’s campaign against the imposition of anti-dumping
tariffs on carbon steel fasteners from China. He is chairman of Owlett-Jaton, the largest wholesaler/importer in
the UK.
The vice presidency was accepted by Dott. Bruno Trolano, managing director of Bossard Italy and since
March 2008 vice president of the Italian Fastener Distributor’s Association U.D.I.B.
EFDA will hold its triennial members conference at Stresa, Italy in May. Amongst the speakers will be Mal
Božić, London-based manager in the Macro consulting practice of PricewaterhouseCoopers. Starting as a
country analyst focusing on the economies of Central and Eastern Europe, he co-edits PwC’s Economic Views
service, which provides quarterly analysis and forecasts on over 40 countries around the world as well as
advising clients on strategic issues, including location benchmarking, market segmentation and economic
impact estimation.
Web:
www.efda-fastenerdistributors.org
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