Record revenue for Wemhöner28 January 2019
Wemhöner Surface Technologies closed 2018 with the highest annual revenue in the company’s history to date. Revenue exceeded €100m and was 10% up on the previous year.
The family-owned company from Herford in Germany has 330 employees and considers itself well positioned for the year 2019. Wemhöner (Changzhou) Machinery Manufacturing in China was equally successful last year.
For the first time, sales exceeded €36m. The future prospects for the Chinese company with its 170 employees also remain positive. This summer the construction of another company at the Changzhou site will begin, with completion scheduled for summer 2020.
Consolidated Group sales for Wemhöner rose to almost €140m for the first time in 2018. Due to the high order backlog at the companies, similar Group sales are also expected this year.
The Herford-based company has achieved an export ratio of over 90%, while the Chinese company now exports 30% of its production.