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Heraeus: Key decisions made to improve revenue and results
Hanau (ots) - Heraeus, the Hanau-based precious metals and technology Group, has honed its strategy for future growth. The company has already launched a number of initiatives designed to spur this growth between now and 2020.
In the coming years, Heraeus will invest several hundred million euros in research and development as well as the associated infrastructure. One focal point will be at the company headquarters in Hanau, where a modern innovation center, to be completed by the end of 2016, will tie together Group-wide and interdivisional activities. Cutting-edge research there will underpin efforts to expand the positions Heraeus holds in global markets and to outperform the market.
With the focus on attractive future-oriented markets, Heraeus is forming clusters to bundle expertise drawn from all its business groups. Research will center on new products that deliver tangible benefits to end customers. Increasingly fast-paced innovation cycles in many customer segments, above all the electronics industry, offer Heraeus significant potential for growth.
Building on its extremely sound financial base and ample liquid assets, however, Heraeus will also continue to grow through acquisitions. "We intend to continue balancing our technology portfolio through purchases and to open interesting new markets," said Jan Rinnert. Heraeus aims to more than double product revenues by 2020.
Heraeus, the precious metals and technology Group headquartered in Hanau, Germany, is a global, private company with more than 160 years of tradition. We create high value solutions for our customers, strengthening their competitiveness for the long term. Our fields of competence include precious metals, materials and technologies, sensors, biomaterials and medical products, quartz glass, and specialty light sources. In fiscal year 2013, Heraeus had product revenue of EUR 3.6 billion and precious metals trading revenue of EUR 13.5 billion. With more than 12,500 employees in over 110 subsidiaries worldwide, Heraeus holds a leading position in its global markets.
The current annual report can be found at: http://konzern.heraeus.de/Geschaeftsbericht
Current photo materials can be found at: www.heraeus-media.com/Public
For additional information, please contact:
Head of Corporate Communications
Heraeus Holding GmbH
63450 Hanau, Germany
Tel. +49 (0) 6181.35-5100
F +49 (0) 6181.35-4242