Successful Business Year 2018
SIEB & MEYER achieves a sales increase of 43 %
SIEB & MEYER AG looks back on a successful business year 2018: Compared to 2017, the Lueneburg-based company reports a sales increase of 43 % and has thus completed the most successful business year in the company history. Numerous extensions of the product range and product optimizations enabled the company to further expand existing target markets or enter new ones.
"In 2017, we were already able to increase our sales significantly. Now, we have two very successful years behind us," says Torsten Blankenburg, CTO at SIEB & MEYER AG. "Our team has been growing accordingly: The number of employees increased by 10 % compared to 2017."
Asian manufacturers of printed circuit boards contributed to that success by showing a high willingness to invest. SIEB & MEYER is the market leader in the field of CNC control systems for mechanical drilling and routing of printed circuit boards and has extended the range of functions of the new CNC control CNC 9x.00 over the last year. The solutions set standards regarding usability, performance and connectivity.
In addition, the Lueneburg-based company has substantially expanded its product range in the field drive electronics. These solutions have opened up new target markets. For example, the performance spectrum of customized solutions based on SD2M was expanded yet again. The frequency converter is still the first choice for machine tool applications or test stations but over the past year, SIEB & MEYER could also win numerous new customers for SD2M in the field of high-speed turbomachinery.
"Our expectations for 2019 are positive," Torsten Blankenburg concludes. "The current international trade conflicts will restrain the investment activity in Asia, though. Therefore, we cannot expect the growth dynamics of the recent years."