Business · Companies · 11 hrs ago

Trumpf expands in Poland and the US as its German business weakens

Trumpf expands in Poland and the US as its German business weakens

Trumpf is expanding in Poland and the United States as it shifts investment toward markets where it is seeing stronger demand.

The German company supplies machines and technology to manufacturers, including businesses in metalworking and automation.

Its business is being helped by orders from semiconductor, data-centre and electronics producers, while weak investment by carmakers has reduced demand from the automotive sector.

US sales rose 17%, making the country Trumpf’s largest single market, while sales in Germany fell by more than 6%.

Poland is set to grow from 1,500 to 2,000 employees, supporting production of electronics components for a new generation of lasers.

For the first time, Trumpf now employs more people abroad than in Germany, and its chief executive said the company’s strong results came despite conditions in Germany.

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What people are saying

Nicola Leibinger-KammüllerTrumpf chief executive
The good result was not because of, but despite, conditions in Germany.
via WirtschaftsWoche
It was the first time in the company's history that Trumpf employed more people abroad than in Germany.
via WirtschaftsWoche
Walter HeibeyMHP adviser
Suppliers in metalworking are now looking less at traditional areas such as automotive and more at other fields such as defence, aerospace or energy.
via WirtschaftsWoche