Chint Electrics, SL has hired a new sales director...
Chint Electrics, SL has hired a new sales director, Jorge Esteban, who will be responsible for the entire Iberian Peninsula and reports to the managing director Leon Li. Established in 1984, Chint is headquartered in Yueqing and employs more than 30,000 people. Worldwide sales are over 9 bn EUR
Lowe's from Mooresville / NC, the second largest home improvement retailer in the US...
Lowe's from Mooresville / NC, the second largest home improvement retailer in the US after Home Depot, was able to increase its sales in the second quarter (May-July 2020) by over 30% from USD 21.0 bn. (EUR 17.8 bn.) to USD 27.3 bn. (EUR 23.1 bn.).
Net earnings even increased by 69% from USD 1.68 bn. (EUR 1.42 bn.) to USD 2.83 bn. (EUR 2.39 bn.).
At the beginning of August, Lowe's also announced that it would install tool rental departments nationwide in all of its branches, where e.g. professionals and do-it-yourselfers can rent branded products such as Husqvarna, Bosch and Metabo, to complete their projects. The first opening was in Lowe’s branch in Charlotte/ NC on August 20th.
Paul Sebastian Schwenk will take over the position of CEO...
Paul Sebastian Schwenk will take over the position of CEO from September 1st. Paul Schwenk, a great-grandson of the company's founder, has been a member of the board since 2016 being responsible for Human Resources, Marketing, Business Development and Finance.
The management duo Schwenk and Thomas Sell, who has headed the sales department as a member of the Management Board since 2013, will become an executive trio on September 1 through the new engagement of Michael Matthesius. As the new Technical Manager, Mr. Matthesius, will now be responsible for the technical side of Theben in the future. He comes from the Harting Group and gained experience, among other things at Weidmüller Interface and was a member of the VDMA advisory board for many years.
Fagerhult had to cope with a 16% drop in sales in Q2 2020...
Fagerhult had to cope with a 16% drop in sales in Q2 2020 from SEK 2,055 m (EUR 198 m) to SEK 1,726 m (EUR 167 m). The operating result was SEK 153.6 m (EUR 14.8 m), a decrease of 12.1%.
The managing director Ms. Bodil Sonesson announced that the second competence center started operation in Linköping / Sweden in August.
Rexel, Sonepar and many national and international electrical wholesalers...
Rexel, Sonepar and many national and international electrical wholesalers ensure the supply of urgently needed goods to electrical contractors day after day.
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In November 2015 Fagerhult acquired 100% of the lighting manufacturer Lighting Innovations...
In November 2015 Fagerhult acquired 100% of the lighting manufacturer Lighting Innovations, which was founded by Bruce Waddell in 1989. Lighting Innovations Africa (now the new name) is one of the most important domestic manufacturers of lighting solutions; however, in the past the market has not developed as expected, so Fagerhult has now decided to invest its money in more lucrative markets. The process will be completed by the end of the year.
Turnover in South Africa last year was 161 m South African Rand (ZAR); this corresponds to EUR 7.78 m.
Already on July 1, 2020, Axel Kaiser, was hired at Theben...
Already on July 1, 2020, Axel Kaiser, was hired at Theben as the new sales manager for Germany.
The team will be strengthened by Rainer Uez, who will work more closely with the wholesale associations and corporations in the future. Michael Mayer will be responsible for the contract business and Günter Schatz for the Southern / Eastern region and Arn Eberlein for the West will complete the sales team at Theben.
Legrand was also unable to break away from the general trend....
Legrand was also unable to break away from the general trend; here too, there was a 12.2% fall in turnover between January and June 2020. Sales were EUR 2,832.6 m compared with EUR 3,226.8 m.
Net profit amounted to EUR 285.7 m, a minus of 31.2%.
Broken down by region, the decline was 11.2% in America, 16.7% in Europe and 19.9% in the rest of the world.