Turck set for record year

Automation connectivity specialist Turck says it is on track to conclude the current financial year 2011 with the highest turnover in the company's history. Christian Wolf, Turck's managing director announced at the annual press conference in Neuss, Germany, that the family-owned company expects a consolidated total turnover of more than €430 million, of which €100 million will be achieved in Germany. After a 30 percent increase in turnover last year, this means Turck will grow about 25 percent this year.

“Based on our current assessments, this year we will well exceed our ambitious target of €400 million annual turnover,” said Wolf. “This is the result of favorable economic trends in our target markets, as well as the implementation and pursuit of our growth strategy.”

This year, Turck has invested in markets and production capacities, with the establishment of new subsidiaries in Brazil and Turkey, and expansion of manufacturing capacities in Germany and the US. For 2012, the company is forecasting growth at about 10 percent.