Leoni AG

Last updated
Leoni AG
Company type Aktiengesellschaft
FWB:  LEO
ISIN DE0005408884  OOjs UI icon edit-ltr-progressive.svg
Industry Manufacturing, engineering
PredecessorWestfälische Kupfer- und Messingwerke AG vorm. Casp. Noell  OOjs UI icon edit-ltr-progressive.svg
Founded1917;108 years ago (1917)
Headquarters Nuremberg, Germany
Key people
Klaus Rinnerberger, CEO

Dr Harald Nippel, CFO

Ingo Spengler, COO
Products Power, instrumentation and telecommunications cables, cable harnesses
RevenueIncrease2.svg €5,119 million (2021)
Decrease2.svg €48 million (2021)
Number of employees
101,372 (31 December 2021)
Website www.leoni.com

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

Contents

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

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

Leoni Wiring Systems Southeast

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

  1. 1 2 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. 1 2 "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. 1 2 "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. 1 2 "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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