"We are delighted to have achieved another record result after 2021 despite many challenges," says Managing Director Katrin Stegmaier-Hermle. Turnover across the entire group of companies rose by 13% from €504 million in the previous year to €567 million in all three regions - Americas, EMEA and Asia Pacific.

Balluff is strengthening its global network of production and development sites and logistics: the company is investing around EUR 50 million in the construction of a new production facility in Aguascalientes, Mexico. The Smart Factory is scheduled to go into operation this fall. Balluff is also expanding its site in Veszprém, Hungary, adding further production space and a new, modern logistics center. The high-volume production plant in Chengdu, China, is also being expanded. "The regionalization of our supply chains to three major regions of the world is in full swing," says Managing Director Frank Nonnenmann. "This will enable us to create stable global supply chains and shorten delivery times, thereby also driving forward the issue of sustainability."

Balluff is continuing to systematically develop its headquarters in Neuhausen into an innovation and competence center. The new administration and development building with around 500 modern workstations is due to be occupied in 2024. The existing building will also be renovated. A new logistics center for the EMEA region is planned for 2026. The construction is a further commitment to the Neuhausen site. "As a family business and the largest employer in Neuhausen, we are investing in our company headquarters in order to continue to offer attractive jobs in the future-oriented automation sector."

The company plans to further diversify its customer base in 2023. The focus will be on the food and packaging industry as well as alternative drives and battery production for e-mobility in the automotive sector. In addition to the production of standard components for industrial automation, the company is also increasingly focusing on the development of customer-specific solutions for sensor and camera technology.

As of December 31, 2022, Balluff employed 3703 people at 38 locations worldwide, 4% more than in 2021.