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Liebherr has said that it is on course to exceed €10 billion in revenues for first time in its history.
In 2017, the Liebherr Group achieved the highest revenues in its history to date, with total sales of 9.845 billion Euro. Looking at the first six months of 2018, the company has seen a 6.3 percent year-over-year increase, says Kristian Koch, managing director of Liebherr-International Deutschland GmbH. It is on track to exceed €10 billion ($11.5 billion) this year for first time in the company’s history.
Growth has occurred in most sectors, with Mining and Mobile Crane divisions leading the way. Mobile crane sales growth is said to be into double digits – which ought to take sales of All Terrain, Rough Terrain and crawler cranes to around €2.3 billion. The Tower Cranes and Concrete Technology division has also achieved higher revenues. In total the combined mobile and tower crane sales ought to exceed €2.85 billion or $3.3 billion.
“We anticipate adding more than 3,000 new employees by the end of 2018, for a total of almost 47,000 employees worldwide,” he adds.
As an example of the company’s growth, Koch pointed to its $45 million three-building expansion project in Newport News, Virginia, which will add on to Liebherr USA facilities established more than 48 years ago.
Groundbreaking in at Liebherr’s expansion in Newport News, Virginia, earlier this year.
Asserting “our independence enables us to remain a leader in our industry,” Koch says that Liebherr leadership now consists of two second generation and six third generation members of the founder, Dr. Hans Liebherr.
Liebherr-Canada
Liebherr-Canada, established 45 years ago, has grown from a small excavator sales operation to a multi-line sales company offering Liebherr’s full line of products, says Tim Petersen, managing director of Liebherr-Canada. With 350-plus employees, the company division has nine locations in the country.
“Canada is growing and Liebherr is growing along with it,” Peterson says, especially noting the company’s expanding parts and service capabilities in the region. The division will reach its 50thyear in Canada in 2023 and expects to reach $500 million Canadian in revenues by that year.
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