Compressed Air Best Practices - June 2008 - (Page 47)

Compressed Air Industry PHARMACEUTICALS | 06–07/08 | The intent of this column is to provide industry watchers with publicly held information, on publicly held companies, involved with the sub-industry of compressed air. It is not the intent of the column to provide any opinions or recommendations related to stock valuations. All information gathered in this column was on May 16, 2008. Hoffman Estates, IL, April 22, 2008 — Bosch Rexroth AG, parent company of Bosch Rexroth Corporation in North America — ( www.boschrexroth-us.com), announces $7.4 billion (5.4 billion Euros) in sales for 2007 — up 8.8% from the previous year. During the last fiscal year, the drive and control company invested $517 million (377 million Euros) and increased the number of employees around the world by approximately 3,100, bringing the total number to nearly 33,000. The company is also expecting continued strong growth in the mobile applications, industrial automation and renewable energy sectors in 2008. Despite the uncertain economic situation, 2007 sales in the Americas region grew by 3.1% in dollars. Unfortunately, because of the changing currency rate, the company recorded a 5.5% decline in Euros. “The sales department wanted to celebrate because we recorded an increase in dollar sales,” said Berend Bracht, president and CEO of Bosch Rexroth Corporation. “But the board in Germany was looking at a decline in sales because of the exchange rates.” The U.S. will continue to be an important automation technology market for Bosch Rexroth, a supplier to practically every branch of the plant automation and machinery OEM business. The strong sales, Bracht said, can be attributed in particular to industrial hydraulics and large gear systems for wind farms. Globally, Bracht noted, “One of the key drivers of our growth comes from the extremely positive economic development in Central and Eastern Europe.” Sales for Europe were on a growth track during 2007. Excluding Germany, sales were up by more than 14%. In Germany, Bosch Rexroth expanded sales by 8.3% in 2007. It also achieved double-digit sales increases in China and India. “We’re seeing strong development in India, resembling the growth from China a few years ago — the potential is similar,” said Bracht, highlighting the importance of this growth region. 3,100 New Jobs Worldwide The high demand also had a positive effect on the number of jobs created. In 2007, Bosch Rexroth’s global workforce grew by 3,150 employees, with jobs added in Germany, the Americas, Central and Eastern Europe, as well as in Asia. www.airbestpractic e s. co m cs o 47 http://www.boschrexroth-us.com http://www.airbestpractices.com

Table of Contents Feed for the Digital Edition of Compressed Air Best Practices - June 2008

Compressed Air Best Practices - June 2008 Contents From the Editor Utility-Air News A Pharmaceutical Compressed Air System Audit Talking Dew Point Puerto Rico, Pharmaceuticals and Airequipo Inc. Oil-Free Rotary and Oil-Free Centrifugal Compressor Comparison SMC: Managing Energy and Dew Point in Pneumatic Systems Utility Grade Compressed Air Systems Training Calendar & Product Picks Wall Street Watch Advertiser Index Job Market

Compressed Air Best Practices - June 2008

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