Grenzebach achieved a record year of growth 2022, with turnover of €365 million.
Grenzebach said 2022 was a challenging but successful year, reporting growth in Asia, Europe, and America.
The figures presented by Dr Steven Althaus, CEO of the Grenzebach Group (pictured above), show that all business areas of the group contributed to positive development and exceeded expectations.
The Grenzebach Group recorded €597 million, the highest order intake in the company’s history.
Compared to 2021, one of the company’s most successful business years, incoming orders increased by 71%.
The company target was exceeded by 15% compared to the previous year. The turnover of the entire group also exceeded 2021 and was 14% above the last year at €365 million.
Dr Althaus said: “Grenzebach is showing signs of continued growth. We are proud to have surpassed the record in incoming orders, especially under framework conditions such as Covid, the Ukraine crisis and delivery bottlenecks.
“The successes of the past financial years show that our strategic global orientation and investments in key technologies and strong partnerships have paid off. Our expertise and proximity to the customer are crucial to our success.”
Grenzebach was affected by the war in Ukraine and the associated sanctions by Russia and Belarus. For example, through restrictions in payment transactions, delivery services and assembly and business trips.
Grenzebach once again benefited from the great demand for glass technologies and solutions for photovoltaic systems. This area recorded a growth of 29%.
The group was also successful with innovations such as a new annealing lehr for improved energy efficiency and glass quality. The range of products has been expanded to include modernised product lines and sustainable technologies.
There was also a 29% increase in orders in the building material sector.
The reason for this was the quick investment activity across the entire building materials industry.
In addition, there was increased global demand for energy optimisation solutions such as low-temperature dryers or electric melting furnaces.
With a growth of over 44%, Grenzebach is now also one of the major providers in the intralogistics market. The automation sector, in particular, recorded strong sales.
In addition, Grenzebach increased its market presence as an intralogistics system provider in the field of “customised intralogistics” and recorded strong demand worldwide.
The Grenzebach Group invested €10 million in research and development in the 2022 financial year as in the previous year. The group sees potential in energy efficiency in production processes, circular economy, and renewable energies.
This includes the launch of its solar automated facility for solar glass production at its headquarters in Bavaria, Germany.
Therefore, Grenzebach intensified the development and advancement of products and technologies in 2022.
Grenzebach will also double the production capacities of its site in Iasi, Romania.
The expansion officially started in 2022 with a groundbreaking ceremony. Completion is planned for autumn 2023. Around 100 new jobs will be created in manufacturing and engineering.