Financial year 2017: BOGE achieves record sales
The automotive supplier BOGE Rubber & Plastics achieved the highest sales in the company's history in the 2017 financial year. It grew by 8.6 percent to 829.2 million euros. Adjusted for exchange-rate effects,
The automotive supplier BOGE Rubber & Plastics achieved the highest sales in the company's history in the 2017 financial year. It grew by 8.6 percent to 829.2 million euros. Adjusted for exchange-rate effects, sales growth even amounted to 9.7%. On the one hand, growth was driven by the good order situation across all product lines, a large number of product launches, and disproportionate growth in China.
With the new plant in Mexico and the second plant in China, the supplier of vibration control and plastics solutions continued its international expansion course in 2017.
In addition to this strategic portfolio expansion in the field of vibration technology, new product areas in the product line plastics support the expansion strategy. Lightweight components are increasingly applied in new vehicle design applications, in which the BOGE Rubber & Plastics Group participates disproportionately.
To consolidate its position as a leader in technology and innovation, the BOGE Rubber & Plastics Group invested more than EUR 50.7 million in the 2017 financial year - more than five percent of total sales. With an investment volume of EUR 19.1 million, Germany ranked first in the 2017 financial year, followed by China (EUR 17.4 million) and Slovakia (EUR 10.8 million). Among the major investment projects at the Damme location were the plastic pedal modules (MQB platform, VW) and at the Simmern (Hunsrück) location, the MLBevo engine mount system for Audi (second generation Modular Longitudinal Toolkit) and the transmission mount for VW (platform MQB, A0). Major investment projects outside of Germany involved various elastomeric chassis mounts for the customer Daimler (platform MFA 2) in Trnava (Slovakia) and the plastic pedal modules for various vehicle models of the Volkswagen Group in Qingpu (China).
Internationalization 2017: New plant in Mexico and second plant in China
Another important step in expanding the global presence was the opening of the plant in Mexico. In San Luis Potosí projects for all product lines in particular in the field of vibration control for chassis and powertrain suspension systems as well as plastic components and modules are realized. Among the first customers are Daimler and the VW Group. In the medium term, around 200 employees will work for BOGE in Mexico.
With "BOGE Rubber & Plastics Zhuzhou Co. Ltd.", BOGE Rubber & Plastics now has a second plant in China. The Automotive Division of the owner Zhuzhou Times New Material Technology Co., Ltd. (TMT) has been integrated into the BOGE Rubber & Plastics Group. The BOGE plant in Zhuzhou focuses on automotive vibration control products and acoustic isolation components. Thus, BOGE has extended its product portfolio by acoustic products (passive insulation materials) for the automotive industry and industrial applications as well as truck chassis modules. Around 200 employees in Zhuzhou mainly produce products for customers in the truck and bus sector.
Western Europe and China are the most important markets
The analysis of sales by region shows that Western Europe remains the most important market for the global supplier of vibration control and plastics solutions in the automotive industry. In 2017, about 50 percent of Group sales were generated in this region, followed by China, already with a share of over 20 percent, Slovakia with around 15 percent and the United States with around 12 percent.
In financial year 2017, BOGE Rubber & Plastics employed an average of 4,183 people (previous year: 3,765 employees). The increase resulted mainly from the new plants in Mexico and China. Most employees are employed in Germany (about 1,800), followed by China (about 1,000), Slovakia (about 900) and the USA (about 250).