GERMANY: Fans and drives producer Ziehl-Abegg has reported file annual gross sales for 2022 of €873m, a 22% improve on 2021.

The firm says this was achieved regardless of the closure of its web site in Russia and the overall lack of stability within the provide chain which made manufacturing planning tough. In addition, Ziehl-Abegg was capable of proceed with its plans for additional investments in new vegetation in Germany and overseas. 

Globally, the variety of staff grew by practically 10% to five,100.

CEO Dr Marc Wucherer attributed a part of the rise to the “unavoidable need” for a rise in promoting costs because of the sharp rises in buy costs.

The firm sees rising demand in a variety of sectors, together with HVAC, boosting demand for power environment friendly Ziehl-Abegg merchandise within the coming years. In addition, it cites the persevering with curiosity in warmth pumps as additional proof for a warmth up in demand for quiet and environment friendly followers.