Press Release July 2017
On 30th June 2017, Magnet-Schultz Memmingen (MSM), specialists for electromagnetic actuator and sensor technology closed the 105th business year once again with a turnover increase. Also the affiliated companies Prefag near Karlsruhe, company W.E. Schultz (Switzerland) and Magnet-Schultz of America (USA) could improve. The Chinese Magnet-Schultz (Suzhou) Co. Ltd. with 30 employees will invoice about 3 million Euros in 2017 and will reach the break even already in their 4th year of operation.
At the end of the financial year MSMgroup employs globally 2.550 persons with an external turnover of 421 (410, 405, 350, 282) million Euros. For the business year 2017/18 we expect further moderate growth. The growth is supported by existing and new customers. High-tech innovation in automotive, aerospace, automation and medical technology continues, new applications in mobility and automation are on the horizon. Module concepts to efficiently cover the variety of variants are systematically implemented and also the ‘special plant’ continues to develop.
Engineers and skilled workers as well as 32 new apprentices in 10 different professions are appropriately employed. High investments go along with the strong development. A new electroplating shop according to the latest status of environmental regulations and automation technology ensures own know-how and capacity for the important surface treatment. The new gate in Allgäuer Str. offers ideal passenger traffic and materials handling at the Memmingen site, the areas in Memmingerberg are completely exploited.
The German energy revolution has an increasing impact on the attractiveness of the location by continuously increasing costs and decreasing supply quality.
Special plant: Pinpuller for Solar Orbiter