Leoni AG
 | |
| Company type | Aktiengesellschaft |
|---|---|
| FWB: LEO | |
| ISIN | DE0005408884  |
| Industry | Manufacturing, engineering |
| Predecessor | Westfälische Kupfer- und Messingwerke AG vorm. Casp. Noell |
| Founded | 1917 |
| Headquarters | Nuremberg, Germany |
Key people | Klaus Probst (CEO and chairman of the management board), Werner Rupp (Chairman of the supervisory board) |
| Products | Power, instrumentation and telecommunications cables, cable harnesses |
| Revenue | €2.956 billion (2010)[1] |
| €130.7 million (2010)[1] | |
| €67.1 million (2010)[1] | |
| Total assets | €2.017 billion (end 2010)[1] |
| Total equity | €481.2 million (end 2010)[1] |
Number of employees | 55,160 (end 2010)[1] |
| Website | www.leoni.com |
Leoni AG, based in Nuremberg, Germany, is a cable and harnessing manufacturing firm with branches throughout the world.
Leoni made all cables and powercords for Dell and Gateway 2000 during the dot-com boom of the 1990s in their plant in Birr, Offaly, Ireland, which was then moved to Slovakia.
It is listed on the Frankfurt Stock Exchange and is a member of the mid-cap MDAX index, and is claimed as global leader of cable systems[2].
Leoni AG is one of the world largest manufacturers and distributors of cables, wires, and systems of those. With about 59,000 employees worldwide and presence in 30 countries Leoni holds leading position on European market.
2010 reflects Leoni AG confident recovery from failure 2008 and 2009, with revenue up 36.8% to EUR 3 billion and net income up 148.6% to EUR 67.1 million. Such strong improvement was caused by fast recovery of automotive industry and large number of big-scale products in wiring systems division. However 2011 financial results were not so impressive.
On 2012 Hanover Trade Fair Leoni AG has introduced new and innovative products designed for concentrated solar power plants. The new products include instrumentation cables, low-voltage cables, bus cables, optical cables, and hybrid cables. New cables are invoked to reduce construction costs, get connected on land and in the air and be environmentally competitive. These products will form a basis for Leoni leading position in the market of environmental technologies cables.[3]
References
- ^ a b c d e f "Annual Report 2010". Leoni. Retrieved 10 April 2011.
- ^ Hermann Simon notes the company in his correspondent book as an example of a "Hidden Champion" (Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009.- ISBN 978-0-387-98147-5. P. 39f.)
- ^ "Leoni AG Extends its Product Range for CSP Plants".
External links
 | This German corporation or company article is a stub. You can help Wikipedia by expanding it. |