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Ziehl-Abegg’s elevator division reaches an all-time high



South-East Asia and Europe deliver a 12 percent increase for the Hohenlohe motor manufacturer

The elevator drives division at Ziehl-Abegg has been running at an all-time high for the past two months. “We have never had such a high order intake in the elevator sector,” says CEO Peter Fenkl. The orders are coming mainly from Europe and Southeast Asia.

2019 had already been a record-breaking year for the elevator specialists at the electric motor manufacturer Ziehl-Abegg: in the final count, it posted sales of more than 72 million euros. In the current year, business in the elevator division has continued at the same record level as in the previous year. “However, the development in order intake since March is far exceeding our expectations,” says CEO Fenkl. “We are currently 12 percent up on the previous year!”

Ziehl-Abegg is benefitting from being located in Germany. In contrast to Southern Europe, where in Italy and Spain many companies are closed, production in Southern Germany is in full swing. Even in the current corona crisis, the supply chain is working and supplies to production are secured, with even kit manufacturers in Spain ordering elevator motors and control units from Ziehl-Abegg in Hohenlohe. “Many of our customers’ finished products end up all over Europe, including England,” explains Sales Manager Dieter Rieger. It’s a similar picture in South-East Asia: the closure of regional companies has created a vacuum for elevator manufacturers, the result is that they are now buying components on the global market – for example, from the German manufacturer Ziehl-Abegg. “A large proportion of the volume is coming from new construction projects,” says Rieger.

The motor division at Ziehl-Abegg is the second largest area of business in the Group. Worldwide, Ziehl-Abegg employs 4,300 people, spread over the areas of ventilation, control and drive technology plus automotive. “It’s during times of crisis in particular that the strength of our broadly-based portfolio becomes evident”, underlines CEO Fenkl.

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