Türk + Hillinger Growth for the fifth year in a row
The Türk + Hillinger Group, headquartered in Swabian Tuttlingen and its business subsidiaries in Saxony, Hungary and the USA reports a double-digit growth in 2017. This is the fifth year in a row, the company announced.
“We are very proud of our corporate development,” says Managing Director Michael Mann. The son-in-law and the second generation of the founding family, Hillinger, now leads the company alone. He emphasizes, that fortunately this dynamic 50 year old company, has not had to deal with disputes or disagreements with management or with shareholders. The company structure, has rigorously been trimmed to be highly effective and works lean and cost-oriented, as a result of the graduate businessman. When Mr. Mann joined the company 20 years ago, it had well under 300 employees and was technologically stagnant, the company reports. The number of administrative employees has only slightly increased since that time. “Over the last few years, we have reinvested a good deal of money and as a result of right strategic decisions, have reoriented the company and systematically developed it into a global market leader,” Mann says.
To further expand its leading position, over the past two years more than 12 Million Euros have been invested in the expansion and optimization of state-of-the-art machinery, the company says. Michael Mann: “With Türk + Hillinger engineered custom-made machines that are not available in the market place, the manufacturing and testing processes are further optimized. In the last 10 years alone, investments of around 40 Million Euros have been made. As a family-owned business, we think and act in the long term and are a strong and reliable partner for our customers for the long run.”
According to the company, it has been too focused on the home appliance sector in the past. The company was constantly under enormous cost pressure. For Türk + Hillinger, the idea of mass production, line production and cost pressure was a daily business. “The home appliance market has virtually collapsed over the last few years for us,” says the graduate businessman. “In the industrial sector, our competitors forged ahead, while we missed many new development opportunities.” By realigning and consistently transforming its strategies, the company has again advanced to become a leading supplier of heating elements in the industrial sector.