strategy

News aus der Elektroindustrie

Nexans's strategy for 2018-2022 is focused  on growth.

Nexans's strategy for 2018-2022 is focused  on growth.

The latest strategic plan 2015-2017 "Nexans in motion " delivered the expected results. The ROCE has doubled from 5.5% to over 11% in 3 years, despite the various global crises.
But new societal challenges also create opportunities such as the energy transition, eco-mobility and data transmission.

By 2022, Nexans is seeking to increase its revenue from its current operations by 25%, to increase EBITDA by ~ 50% to ~ EUR 600 m, and ROCE of more than 15%.

With a healthy balance sheet, this should enable sales of EUR 1.5 to 2 bn.
 

Read more

According to information from the dpa, Chinese investors have apparently expressed interest in parts of the business of the lighting technology group Osram.

According to information from the dpa, Chinese investors have apparently expressed interest in parts of the business of the lighting technology group Osram.

The company Feilo Acoustics has informed its shareholders of its interest in the acquisition in a letter, referring to the plans of the traditional group from Munich. Osram has announced its plans to outsource its lamps business by the coming spring, so that the Chinese company is considering the purchase of parts of the traditional lighting business and the LED division.

An Osram spokesman refused to comment any further on the matter, saying that no purchase process has been initiated for the lamp business. Should the interest actually refer to the Osram division which is to be outsourced, then this shows that there is a certain interest.

Read more

ABB is parting with its cable production in Huntersville/North Carolina. The purchaser is Southwire, which is based in Carrollton/ Georgia,............

ABB is parting with its cable production in Huntersville/North Carolina. The purchaser is Southwire, which is based in Carrollton/ Georgia,............

and the final sale is to be concluded by the 3rd quarter 2015.

Southwire is one of the leading cable manufacturers in the USA with approx. 7,000 employees and a turnover of approx. USD 5.8 bn (EUR 5.3 bn) in 2014. The acquisition enables Southwire to strengthen its position especially in the field of underground high-tension cable, a segment in which the company is already leader today.

However, ABB still plans to maintain its involvement in the cable business for the North American region; it says the sale of its production facility in Huntersville is merely a part of its next-level strategy, aimed at optimizing its business and developing new business models while building up new partnerships.

Read more

After the supervisory board issued a preliminary audit engagement in April to make its lamp business independent, the go-ahead has now been given following talks between employee representatives and  the management.

After the supervisory board issued a preliminary audit engagement in April to make its lamp business independent, the go-ahead has now been given following talks between employee representatives and  the management.

With the spin-off Osram wants to take account of the various dynamics and requirements in the lighting market. It says the lamp market is a mass market in which high quality and cost efficiency consistently provide the competitive edge. This makes it fundamentally different to the technology markets, which are characterized by innovations, customized solutions and sustained growth.

On these technology markets Osram plans in future to focus on optical semiconductors, automobile and special lighting along with luminaires, systems and solutions.

The supervisory board’s decision is now laying the cornerstone for Osram’s future strategic orientation towards growth, innovation and technological leadership, according to board chairman Olaf Berlien.

At present Osram still generates almost 40% of its turnover with the conventional lamps business. But as an independent unit the private customer business can act more freely on the market and more easily realize strategic options, such as partnerships, for example.

Jes Munk Hansen, until now CEO of the American region, will run the illuminents business in future. How the business is to be made independent (e.g. sale or flotation) has not yet been decided.

After its spin-off from Siemens Osram has been an independent business since 2013. Since then there has been restructuring and savings on a grand scale. After the loss of over 8,000 jobs Osram still numbers about 34,000 employees worldwide.
 

Read more

As reported by the German press agency, the supervisory board of Osram lighting group has not reached a final decision on the spinoff of its lighting business.

As reported by the German press agency, the supervisory board of Osram lighting group has not reached a final decision on the spinoff of its lighting business.

It is stated that first the effects on the employees have to be examined. The latest plans had thrown up a central question with employee representatives: What would a spinoff of the lighting business mean for the employees? The IG Metall union had been appalled by the spinoff plans.

Previously Osram had announced that the business with lamps – including halogen, energy-saving and LED lamps - is to be spun off.

A decision could be made in about four weeks at an extraordinary meeting of the supervisory body, although an exact date for this was not announced at first. However, it is regarded as unlikely that the plans could still be overturned. Also it remains to be seen whether the business is to be sold or floated on the stock market after the spinoff.

Osram’s rival Philips has taken sweeping measures, too, spinning off its entire lighting business and selling a part of the division in March.

For years Osram has been feeling the effects of the rapid change in the lighting market – and the cheaper competition, above all from Asia, which can produce at lower prices especially for the mass market for lamps.

 

 

Read more

Rexel would like to become more efficient in Europe and therefore it is going to change its management so that all its European companies are under single management.

Rexel would like to become more efficient in Europe and therefore it is going to change its management so that all its European companies are under single management.

Patrick Berard (61) is being appointed Senior Vice President Rexel Europe with effect from 1st July 2015. In this function he will then be responsible for the whole of Europe and the previous division into two zones (Southern, Central and Eastern Europe and Northern Europe) will thus cease to exist.

Paul Laschkar, who previously led the Northern European Region, will retire after a long and successful career at Rexel.

Read more