GERMANY

Linde Hydraulics initiates comprehensive reorganisation

Linde Hydraulics GmbH & Co. KG from Aschaffenburg/Germany is responding to the challenges it is facing in its global sales markets by carrying out comprehensive reorganisation. The aim of the planned measures, which are designed to permanently reduce costs by up to 40 million € a year once fully implemented, is to safeguard the long-term competitiveness of the premium technology company. The programme is being introduced in response to far-reaching changes in the hydraulics industry. There has been a significant downturn in the international construction equipment market coupled with a sharp fall in global demand for hydraulics products.

Through the optimisation of structures and processes at its sites, Linde Hydraulics is also looking to be able to respond even more rapidly and more efficiently to the requirements of markets and customers. Meanwhile, improvements and additions to the product portfolio should make the company more competitive and open up new market opportunities. The company is also building on its partnership with its biggest shareholder, Weichai Power. Plans are in place for a joint venture in China that should further improve access to this critically important market.

www.linde.com

x

Related articles:

Issue 2014-7-8 GERMANY

Strategic alliance formed

The diversified Italian producer of power transmissions and fluid power, PMP Industries S.p.A., and the German manufacturer of comprehensive heavy duty hydraulics, Linde Hydraulics, have announced on...

more
Issue 2015-11 HEIDELBERGCEMENT

New group areas – new managing board members

In its meeting on 09.10.2015, the Supervisory Board of HeidelbergCement has set the course for a generation change on the Managing Board. In the context of the long-term oriented succession planning...

more