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Bad Homburg/Hückeswagen, 28. April 2008 Praise for the supplier:
ixetic awarded by Toyota
On 17 April 2008, automotive supplier ixetic was handed an award by Toyota Motor Europe at the annual suppliers’ meeting in Brussels: with its “Certificate of Recognition”, the car manufacturer is acknowledging the German pump specialist's performance in achieving common cost-cutting goals.
“This positive feedback is the reward for the hard work and know-how of our entire team,” says Georg Wolf, managing director of ixetic GmbH. “It also underlines the great esteem in which Toyota holds us, also evident in the number of repeat orders awarded to us in the past.” ixetic has been delivering vacuum pumps, required for braking force, to Toyota for six years. The pumps are installed at the company’s Hückeswagen (Bergisches Land) site.
Powerful cost brake – now standard at ixetic
The Certificate of Recognition was awarded to ixetic for its exemplary fulfilment of the cost objectives laid down by the Toyota purchasing department for the 2007 business year, which ended on 31 March 2008. “I am particularly pleased that Toyota praises the precise cost management of the production department in Hückeswagen”, says Georg Wolf. “This shows that we in Germany not only have our costs under control, but also that we are a reliable partner to large car manufacturers who set ambitious cost optimization targets.”
A hat trick for ixetic
This Certificate of Recognition for the 2007 business year is the third such award for ixetic: In 2002 and 2004 Toyota awarded its Certificate of Recognition to it for good project management.
Toyota Motor Europe handed out a total of 27 “cost” category awards at this year’s “Annual Supplier Meeting”, held at the company’s headquarters in Brussels. Also awarded was outstanding performance in four other categories, namely delivery reliability, project management, quality and value analysis.
Brief description – ixetic GmbH
ixetic GmbH, with headquarters in Bad Homburg (Hesse), is a worldwide leading manufacturer of hydraulic and vacuum pumps for the automotive industry. The company has been independent since March 2006. Previously ixetic traded under the name of LuK Fahrzeug-Hydraulik und LuK Automobiltechnik, and belonged to INA Holding Schaeffler KG. Today it belongs to holding company cognetas. In 2007 company turnover grew by eleven percent to 318 million euros. The company employs a total of more than 1,200 employees at its two German sites in Bad Homburg and Hückeswagen (Bergisches Land). It also has subsidiaries in Brunswick (U.S.A.) and Yokohama (Japan), as well as representatives in Russia, China, India and Korea. The company’s managing director is Georg Wolf. ixetic’s range of products encompasses hydraulic pumps for steering, chassis and transmission applications, vacuum pumps for brake systems, car air-conditioning compressors and lube oil pumps. The company’s customers include renowned automotive manufacturers such as Audi, BMW, Daimler, Porsche, Renault, Toyota, Volkswagen and all the leading manufacturers of heavy- and medium-heavy commercial vehicles such as Itec, Daimler and Volvo.
 Bad Homburg, 21 April 2008 New study:
ixetic a top employer for engineers
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Bad-Homburg-based ixetic GmbH ranks among the 25 best employers for engineers in Germany, according to the latest “Top Employers for Engineers 2008” industry survey, the results of which were published today in Düsseldorf.
“We are proud of this award, as it demonstrates that we can offer so-called 'high potentials' first-class career opportunities”, says Georg Wolf, managing director of ixetic GmbH. “Good engineers are highly sought after – especially in Germany, and our attractiveness as an employer provides us with an excellent starting position in the race for the best.”
A strong emphasis on innovativeness
The study also evaluated innovation management within the companies in question. “The promotion of innovativeness and precise advancement of product development are fundamental components of our corporate culture”, says Georg Wolf. “In the area of research and development, ixetic’s level of investment is well above the industry average.” Apart from innovation management, the study also exaimined at the international character of the companies, and personal factors such as work-life balance, development opportunities, job security, and last but not least, salaries for engineers. ixetic came out well with respect to all of these.
Motivation as a driving force
“Our employees, in addition to being qualified, must be highly motivated”, says Georg Wolf. “Excellently trained and dedicated employees are our most valuable resource.” A study commissioned by the Federal Ministry of Labour and Social Affairs had already revealed last year that overall employee satisfaction at ixetic was above average.
About the “Top Employers for Engineers” survey
CRF is an independent company that initiates, coordinates and publishes international research projects for business. The annual Top Employer survey carried out by the Düsseldorf-based consulting firm pinpoints German companies with outstanding staffing policies. The rankings, comprehensive company portraits and detailed benchmark report were drawn up on the basis of an extensive catalogue of criteria and wide-ranging interviews. As a result, highly qualified engineers are provided with an overview of the companies that can offer them the best professional and career development opportunities.
Brief description – ixetic GmbH
ixetic GmbH, with headquarters in Bad Homburg (Hesse), is a worldwide leading manufacturer of hydraulic and vacuum pumps for the automotive industry. The company has been independent since March 2006. Previously ixetic traded under the name of LuK Fahrzeug-Hydraulik und LuK Automobiltechnik, and belonged to INA Holding Schaeffler KG. Today it belongs to holding company cognetas. In 2007 company turnover grew by eleven percent to 318 million euros. The company employs a total of more than 1,200 employees at its two German sites in Bad Homburg and Hückeswagen (Bergisches Land). It also has subsidiaries in Brunswick (U.S.A.) and Yokohama (Japan), as well as representatives in Russia, China, India and Korea. The company’s managing director is Georg Wolf. Ixetic’s range of products encompasses hydraulic pumps for steering, chassis and transmission applications, vacuum pumps for brake systems, car air-conditioning compressors and lube oil pumps. The company’s customers include renowned automotive manufacturers such as Audi, BMW, Daimler, Porsche, Renault, Toyota, Volkswagen and all the leading manufacturers of heavy- and medium-heavy commercial vehicles such as Itec, Daimler and Volvo.
Bad Homburg, 3. März 2008 Good business with power steering pumps: ixetic grows by more than 11 percent Bad Homburg, 3 March 2008. In the 2007 business year automotive supplier ixetic’s total turnover amounted to 318 million euros – an 11.2 percent increase on the previous year. In 2006 ixetic had already increased its turnover by 10 percent. “For the second year running, therefore, our company’s growth has been above-average for the sector”, says managing director Georg Wolf. Power steering pump production is the area that generates the most turnover for ixetic: in it the Bad Homburg-based automotive supplier saw sales growth of 13 percent. The largest growth in sales and turnover, however, was in the area of chassis pumps, in which the company is the world leader, leading to it being declared “Hessen-Champion” in October 2007. Record volume of investment ixetic is expecting continued growth this year as well, with the company already almost working to capacity. Many production areas at the Bad Homburg and Hückeswagen plants are working around the clock, seven days a week. “In order to be able to reliably meet the increasing demand for our goods in the future and maintain the high quality of our products, we are investing record amounts in the expansion of our production facilities”, says Georg Wolf. “And we will continue to produce in Germany in the future.” By the end of this year, ixetic will have expanded its Hückeswagen plant, doubling the size of the production area from the current 3,500 square metres to 7,000 square metres. Also ready by the end of 2008 will be a new plant in the Bulgarian city of Plovdiv. Investing in the future In addition to expanding capacity, ixetic is also developing new products, with the result that development expenditure will increase again in 2008. “During the next few years energy-efficient solutions in particular will be in big demand”, says Wolf. “We are already leaders in this area, and investments in ixetic’s innovativeness therefore represent cleverly-invested capital.” Close to the customer – worldwide Around the world ixetic’s strategy is to operate close to the production sites of renowned car manufacturers. Apart from its two German production sites at Bad Homburg and Hückeswagen (Bergisches Land), the automotive supplier also has a base in Brunswick, OH (U.S.A.), and representatives in Yokohama (Japan), Nizhny-Novgorod (Russia), Seoul (South Korea), Delhi (India) and Shanghai (China). “We are convinced that we can increase our business further through our close proximity to our customers, in Asia and Russia in particular”, says Georg Wolf. Brief description – ixetic GmbH ixetic GmbH, with headquarters in Bad Homburg (Hesse), is a worldwide leading manufacturer of hydraulic and vacuum pumps for the automotive industry. The company has been independent since March 2006. Previously ixetic traded under the name of LuK Fahrzeug-Hydraulik und LuK Automobiltechnik, and belonged to INA Holding Schaeffler KG. Today it belongs to holding company cognetas. In 2007 company turnover grew by eleven percent to 318 million euros. The company employs a total of more than 1,200 employees at its two German sites in Bad Homburg (Bergisches Land) and Hückeswagen. It also has subsidiaries in Brunswick (U.S.A.) and Yokohama (Japan), as well as representatives in Russia, China, India and Korea. The company’s managing director is Georg Wolf. Ixetic’s range of products encompasses hydraulic pumps for steering, chassis and transmission applications, vacuum pumps for brake systems, car air-conditioning compressors and lube oil pumps. The company’s customers include renowned automotive manufacturers such as Audi, BMW, Daimler, Porsche, Renault, Toyota, Volkswagen and all the leading manufacturers of heavy- and medium-heavy commercial vehicles such as Itec, Daimler and Volvo. |
