Product category:
Industrial Drives/Controls
News Release from: Lenze
Edited by the Engineeringtalk Editorial
Team on 06 October 2005
Profits up for Lenze
Lenze has recorded a 15% increase in profit for the financial year May 2004 to April 2005.
Lenze has recorded a 15% increase in profit for the financial year May 2004 to April 2005: sales revenue for Lenze Group rose by Eur 18.4 million to Eur 466.2 million - a rise of at least 4% Specialising in drive and automation technology, Lenze Group's principal markets are in Europe
Although only 13% of sales were achieved outside Europe, Lenze has geared itself up to tap the growth potential in America and Asia.
Its latest servo technology products sold under the "L-force" banner, have been specifically designed with the global market in mind.
With significant success in the first half of the current financial year and with 5% projected global industrial machine market growth in 2005, Lenze is optimistic about maintaining a steady increase in sales during the current financial year. Request free introductory details about products from Lenze ...
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