Outlook of Parts Manufacturer Meusburger is looking optimistically ahead to 2021
Austria — After a challenging year 2020, Meusburger is looking positively to 2021, mainly due to the new office building in Hohenems, the numerous digital solutions that have been newly and further developed for customers, and the product diversity as a full-range supplier in tool and mold making.
The internationally operating company Meusburger, manufacturer of high-quality products for tool, mold and machine construction, is looking very positively to the future after a challenging year 2020. The focus is on the construction of a new office building in Hohenems, where important preliminary work, such as the raising of the high-voltage lines, has already taken place in the summer of 2020. Meusburger recently received the building permit, which was followed by the start of construction. The distribution building planned for the first construction phase will provide space for 250 employees. The first 200 employees of the Sales, Marketing, Product and Know-How Management departments, who will relocate from Wolfurt to Hohenems, will move in by the end of February 2022 at the latest. The total investment volume for the additional Meusburger site is around 20 million euros. “We are pleased to ensure that the new building in Hohenems will enable us to remain in Vorarlberg in the long term and we are very optimistic about the future,” says managing partner Guntram Meusburger.
A further step towards a successful future was already taken in spring 2020 with the introduction of new company software. This made it possible to further improve performance for customers. Despite the uncertain economic situation, investments were also made in the area of production and the company's own digital solutions. These are constantly being further developed by the company itself and optimized for customers. The path of digitalization will also be consistently pursued in the coming years, resulting in the implementation of numerous interesting projects. As a result, the company is equipped for the future and strategically very well positioned to provide long-term and sustainable support to customers as a full-service provider in tool and mold making.
For 2020, Meusburger is reporting sales of around 261 million euros, which corresponds to a decline of around 10 percent. “In addition to the still tense economic situation, the conversion of our corporate software and the Corona pandemic had a negative impact on our financial year. Thanks to a positive development in the last months of 2020, the decline in sales was ultimately less than expected in the summer,” says Guntram Meusburger. Nevertheless, the company had to make personnel adjustments over the summer and in the fall. The number of employees was reduced from a total of 1,750 to 1,670. This was necessary to keep the company on a sound economic footing and to secure jobs in the future, the company said.