Excellent supply chain management enables Belimo to achieve double-digit sales growth
The year 2021 was excellent for Belimo. All market regions recorded double-digit sales growth. The two long-term growth drivers – improving the energy efficiency of the global building stock and the increased demands on indoor air quality in buildings – were further reinforced by the need to catch up. The group was able to meet the resulting strong demand thanks to its excellent supply chain management.
Overall, Belimo increased its net sales in local currencies by 16.6 percent. In Swiss francs, net sales increased by 15.7 percent to CHF 765.3 million. The positive market development ensured increased demand, especially in Europe and America. Sales growth in local currencies was 15.9 percent for the Europe market region and 18.1 percent for America. In the Asia Pacific market region, the increase was 14.4 percent. Air applications net sales grew by 15.5 percent in local currencies and water applications by 17.9 percent.
capacity expansions
The strong growth in 2021 accelerates the capacity expansion planned as part of the Belimo growth strategy. The group will expand its capacities in production, logistics and customization over the next few years with higher investments in all market regions. Corresponding projects have already been initiated in 2021:
- In the market region Europe, Belimo has signed a contract to purchase a plot of land next to the existing building in Hinwil (Switzerland) in order to accommodate expansions in logistics and customizing.
- In the Americas market region, logistics capacities were expanded at the Danbury site (USA) in order to create space for future growth and to continue to guarantee high delivery reliability.
- In the Asia Pacific market region, Belimo has purchased its existing location in Shanghai (China) in order to provide additional capacity and space for warehousing, customizing, logistics and offices