Financial year 2020
Record sales for Sieb & Meyer
The coronavirus year 2020 brought Sieb & Meyer record sales. The CNC control business area was the main contributor to this.
Control and drive specialist Sieb & Meyer achieved record results in the past 2020 financial year, particularly in the CNC controls business segment. However, the drive electronics business area is also solid: frequency inverters for high-speed motors achieved sales at a good level. "Despite the COVID-19 crisis, this upward trend has continued for over a year now," says Markus Meyer, CEO of Sieb & Meyer. "We are of course doubly pleased about the extremely good order situation in these difficult times."
The background to the increased demand for CNC controls is the global expansion of 5G mobile networks. The PCBs required for this can only be manufactured with the required quality and productivity using CNC control technology. Sieb & Meyer is considered a global market leader in this field.
Drive electronics at a good level
However, the drive technology division with its frequency inverters and servo drives also reported a good level of sales, according to the company. Here the company emphasizes the three-level inverter SD2M, which is constantly opening up new markets. Sieb & Meyer is currently building a new production/storage hall with approx. 450 square meters to expand the production capacity of the SD2M product area.
You might also be interested in
Expansion of the range of services
Over the course of 2022, Sieb & Meyer will offer a total of nine SD4S sizes that cover or extend the current performance range of the SD2S series.
read more...Focus on high-speed applications
On the way to the SD4x series of frequency inverters for high-speed applications, Sieb & Meyer has made the software basis and control platform ready for series production, developed an additional drive function and further developed the 'Motor...
read more...Drive high-speed motors dynamically
Sieb & Meyer is developing a new generation of frequency inverters for high-speed applications under the name SD4x. It starts with the SD4S version, which is designed for small high-speed spindles and motors with outputs of just a few 100 W.
read more...New high-performance CNC series
The 'FS500i-A' CNC controller from Fanuc, which was presented in the development phase as the 'FS 50i-A', offers 2.7 times higher CPU performance and, according to the manufacturer, enables faster cycle times, improved 5-axis simultaneous machining...
read more...Dual leadership in Shanghai
Stefan Becker has been appointed Managing Director of Eckelmann Automation Technology in Shanghai and will manage the subsidiary together with Zhongwei Huang.
read more...New composition of the Executive Board
The Management Board of the ifm group of companies presents itself in its new composition for the first time.
read more...Virtualized control systems using TSN backbone
The major challenges in implementing virtualized control systems are scalability and connectivity to the field level. An implementation at the ISW shows that this can already be achieved today using a TSN network.
read more...New Chief Financial Officer appointed
As of August 19, 2024, Christian Rothe is Senior Vice President and Chief Financial Officer at Rockwell Automation. He will report to Rockwell Chairman and Chief Executive Officer Blake Moret.
read more...New threat to industrial control systems
FrostyGoop is the name of a new malware variant that specializes in industrial control systems (ICS). It poses a threat to critical infrastructures worldwide. OT cyber security expert Dragos has identified FrostyGoop.
read more...