The medium-sized HAWE Hydraulik Group from Munich/Germany completed fiscal year 2006 with new record figures for incoming orders, sales and employees.
While the level of incoming orders rose by 35% to 210 million Euro, sales climbed by 25% to 188 million Euro. The markets in China, Scandinavia and North America proved to be key growth drivers. Domestic business also recorded double-digit growth. This positive performance extended to nearly all customer regions and sectors. The upturn in the capital goods industry rests on a broad and solid basis.
HAWE Hydraulik generated above average growth rates especially in the raw material and energy-related sectors. This includes, among others, hydraulic systems for wind power plants as well as equipment for the safe exploration and development of fossil fuels. In both sectors HAWE Hydraulik leads the way in technological development. HAWE Hydraulik recorded its fourth consecutive year of growth in 2006. Already over the last few years the company has consistently invested in the renewal and expansion of the production capacities. In 2005 it erected a completely new factory for fork-lift hydraulics in the Bavarian village of Dorfen, which opened in Spring of 2006. In the current year, the production site in Freising will be extended with a new factory hall.
It is particularly gratifying to see that this sustained positive performance is also making itself felt in the number of employees. As of December 31, 2006 a total of 1,519 committed employees worked for HAWE, which were 112 more than the year before! 90 of these new workplaces were created at company sites within Germany. This trend continued in 2007. Already during the first quarter of the current fiscal year a further 35 new work places have been created.
With its innovative product range, committed workforce and the ability to detect new technologies and markets early on, the company is certain that it is invested with a platform from which to continue its double-digit growth also in 2007 and to make a significant contribution toward the sustained and resource-efficient development of markets and technologies.