Hansgrohe AG celebrates its 110 anniversary and is on target for a new record year
Back in June 1901, when Hans Grohe founded a metal spinning company in the Black Forest village of Schiltach, he could hardly have dreamed that the then three-man enterprise would become one of the world’s leading manufacturers of fittings and showerheads. Now, 110 years later, Hansgrohe AG with over 3,200 employees and subsidiaries in 37 countries enjoys a reputation across all continents as one of the international sanitary industry’s most successful businesses.
CEO, Siegfried Gänßlen, comments on the company’s 110th anniversary, “in our sector, which is influenced by a majority of medium-sized businesses, only a few companies have grown thanks to their efforts in recent years as dynamically and profitably as Hansgrohe AG. Results for the first months of the current year confirm that this development is likely to continue throughout 2011. New orders for the domestic German market and internationally are significantly above their peak last year.”
In 2010, company sales rose by 13.5 per cent to € 693 million and growth forecasts for 2011 were revised upwards: the business now aims for new record sales and revenues. “Our sights are firmly fixed on the billion mark as an interim sales target,” Hansgrohe’s CEO underlines.
