Ukraine war

dpa | Andrea Gillhuber,

ebm-papst gives up business in Russia

The fan manufacturer ebm-papst is giving up its business in Russia due to the war in Ukraine and its economic consequences. The family-owned company presented a record result for the past financial year.

Klaus Geißdörfer, Chairman of the Group Management Board of the ebm-papst Group

© Christoph Schmidt/dpa

Two companies there with a total of around 50 employees will be sold to the local management, as CEO Klaus Geißdörfer said on Thursday (June 23) in Mulfingen (Hohelohe district). "We are currently delivering to Ukraine in individual cases," he said. The manufacturer employs just under ten people there.

With around 14,800 employees worldwide, ebm-papst produces fans and motors for air conditioning and ventilation systems, as well as for the household appliance and automotive industries. In the last financial year, which ended in March, the family-owned company increased its turnover by almost ten percent to a record figure of around 2.3 billion euros. Due to higher material prices, however, profits - which are not specified - fell, as Geißdörfer explained.

Like others, the manufacturer is also battling a shortage of semiconductors and other electronic components. Production will therefore come to a standstill in some areas, said Geißdörfer. He criticized the fact that there are semiconductor manufacturers in Germany who continue to export on a massive scale. The domestic industry was losing out. "We need to rethink whether this can continue in Germany," said Geißdörfer.

Advertisement
  • Xing Icon
  • LinkedIn Icon
Advertisement
Advertisement

You might also be interested in

Advertisement

ebm-papst

Change in management

As of July 1, 2021, Thomas Wagner will take over as Chairman of the Board of Directors of ebm-papst. The current incumbent Stefan Brandl is leaving the company at his own request.

read more...
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Lean technology

Easy to implement

Leantechnik rack and pinion gearboxes can be used to design all types of lifting and positioning systems. Integration into the application is easy thanks to the 3D product configurator from Cadenas.

read more...
Subscribe to our newsletter
Advertisement
Back to home