Kendrion to Open an Office at the High-Tech Campus, Expand Manufacturing and R&D Capabilities and Broken Ground on Building its New Facility in Suzhou in December
February 25, 2022 at 05:00 am EST
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Kendrion expects to open an office at the high-tech campus in eindhoven for July 1, 2022 and they anticipate strong growth in the coming years, they have started a project to further expand manufacturing and R&D capabilities. In China, they continue to grow during 2021, and their nominations are again higher than the size of their business. China government's 14th 5-year plan is heavily emphasizing green energy, electric vehicles, robotics, driving enormous opportunities for Kendrion, broken ground on building its new facility in Suzhou in December.
Kendrion N.V. specializes in the design, manufacturing and marketing of intelligent actuators that help advance the global push towards automation, electrification and cleaner forms of energy in a wide range of industrial and automotive applications. These actuators can be found in wind power turbines, robots, warehouse automation, electric vehicles, energy distribution and industrial heating processes. Net sales break down by business segment as follows:
- Automotive (50.5%): electromagnetic systems and components for passenger cars and commercial vehicles;
- Industrial (49.5%): industrial actuators and controls (solutions based on electromagnetic actuators, control technology and fluid technology) and industrial brakes (electromagnetic brakes for electromotors).
Net sales are distributed geographically as follows: Netherlands (2.9%), Germany (59.7%), Europe (18.7%), Americas (10%) and Asia (8.7%).
Kendrion to Open an Office at the High-Tech Campus, Expand Manufacturing and R&D Capabilities and Broken Ground on Building its New Facility in Suzhou in December