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Leoni AG

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Leoni AG
Company typeAktiengesellschaft
FWB: LEO
ISINDE0005408884 Edit this on Wikidata
IndustryManufacturing, engineering
PredecessorWestfälische Kupfer- und Messingwerke AG vorm. Casp. Noell Edit this on Wikidata
Founded1917; 107 years ago (1917)
HeadquartersNuremberg, Germany
Key people
Klaus Rinnerberger, CEO

Dr Harald Nippel, CFO

Ingo Spengler, COO
ProductsPower, instrumentation and telecommunications cables, cable harnesses
RevenueIncrease €5,119 million (2021)
Decrease €48 million (2021)
Number of employees
101,372 (31 December 2021)
Websitewww.leoni.com

Leoni AG, based in Nuremberg, Germany, is a cable and harnessing manufacturing firm with branches throughout the world.[1]

It is listed on the Frankfurt Stock Exchange and is a member of the mid-cap MDAX index, and is claimed as global leader of cable systems.[2]

Products

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Leoni made all cables and powercords for Dell and Gateway 2000 during the dot-com boom of the 1990s in their plant in Birr, Offaly, Ireland, which was then moved to Slovakia.[citation needed]

In Stryi and Kolomyia, both in Ukraine, the company produces wiring systems for the automotive industry. In 2022, as a result of the Russian invasion of Ukraine, production at these sites was halted, causing widespread production stops at European automobile factories.[1][3]

Subsidiaries

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Leoni Wiring Systems Southeast

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Leoni AG owns Leoni Wiring Systems Southeast, established on 3 April 2009, with headquarters in Prokuplje, Serbia. It built its facility in Prokuplje on the foundations of bankrupted company "FIAZ Prokuplje" (asbestos manufacturing) in 2009.[4] In 2013 it was reported that the facility in Prokuplje employed 1,750 people.[5] In August 2013, Leoni Wiring Systems Southeast started building its second facility in Malošište (near Doljevac), worth 21 million euros, that would employ 1,500 people by the end of 2014.[5][6] In July 2017, Leoni Wiring Systems Southeast opened 6,000 square meter facility in the city of Niš[7][8] and the opening ceremony was attended by President Aleksandar Vučić.[7]

In 2016, gross revenues were €130.05 million and €6.65 million net income,[9] positioning it as Serbia's 65th largest company by revenue, and 62nd largest by profit.[9] The same year, the company was considered among the 15 largest exporter companies of Serbia, with 147.6 million euros worth of exports.[10]

In 2018, Leoni Wiring Systems Southeast reported that it employs around 6,000 people in three facilities in Prokuplje, Malošište and Niš.[11]

References

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  1. ^ a b Ewing, Jack (2022-03-01). "European car plants hurt by supply problems linked to war". The New York Times. ISSN 0362-4331. Retrieved 2022-03-20.
  2. ^ Hermann Simon notes the company in his correspondent book as an example of a "Hidden Champion" (Simon, Hermann: Hidden Champions of the 21st Century : Success Strategies of unknown World Market Leaders. London: Springer, 2009.- ISBN 978-0-387-98147-5. P. 39f.)
  3. ^ Amann, Christina; Carey, Nick (2022-03-02). "Ukraine invasion hampers wire harness supplies for carmakers". Reuters. Retrieved 2022-03-20.
  4. ^ Borisavljević, Dragan (23 December 2011). ""Леони" повећава производњу". politika.rs (in Serbian). Retrieved 24 March 2018.
  5. ^ a b "Počela izgradnja druge fabrike kompanije Leoni u Srbiji". blic.rs (in Serbian). 23 August 2013. Retrieved 15 February 2018.
  6. ^ "Otvorena fabrika Leoni u Nišu, posao za 1.700 radnika". n1info.com (in Serbian). 18 November 2015. Retrieved 16 March 2018.
  7. ^ a b "Vučić: Leoni postao najveći poslodavac u Srbiji, Niš će u 2018. doživeti "bum"". blic.rs (in Serbian). Tanjug. 29 July 2017. Retrieved 20 March 2018.
  8. ^ Bjeletić, Gordana (1 August 2017). "Fabrika Leoni zvanično otvorena, ali da li ima proizvodnje?" (in Serbian). Retrieved 21 March 2018.
  9. ^ a b "СТО НАЈ... ПРИВРЕДНИХ ДРУШТАВА У РЕПУБЛИЦИ СРБИЈИ У 2016" (PDF). apr.gov.rs (in Serbian). Агенција за привредне регистре. Retrieved 16 March 2018.
  10. ^ "Ovo su najveći izvoznici u 2016. godini!". plutonlogistics.com (in Serbian). 12 February 2017. Retrieved 20 March 2018.
  11. ^ "Leoni gradi fabriku u Kraljevu, posao za 5.000 radnika". n1info.com (in Serbian). Beta. 14 February 2018. Retrieved 15 February 2018.
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