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MANN + HUMMEL 2010 sales growth of 30% over the industry level
 

German auto parts supplier MANN + HUMMEL company (MANN HUMMEL) recently said that the company's sales in fiscal 2010 increased by 30.4% (after the elimination of currency effects 24.6%), according to VDA (German Automobile Industry Association) statistics, the global automotive industry increased by only about 8%.

    At the same time, MANN + HUMMEL EBIT from 23 million euros in 2009 rose to 149 million euros in 2010; ROCE (return on capital employed) from 3.9% in 2009 to 25.6% in 2010 . As of the end of 2010, MANN + HUMMEL has 13,201 names in the global long-term employees, an increase of 12%.

    MANN + HUMMEL Group, Alfred Weber, President and CEO, said: "Since 1999, we have maintained an average annual sales growth rate of 9.1%. In the MANN + HUMMEL 70 years of successful course of development, 2010 is most successful year. Last year we produced over four hundred million pieces of filter, the equivalent output of over 25 per second. This is not surprising, because the MANN + HUMMEL products are almost matched in all the world's cars and trucks . The impressive performance is obtained through hard work. Our staff showed great determination and initiative, MANN + HUMMEL achieved record performance. Although this year's growth rate may slow down compared with last year, But we are still to the success of efforts in 2011. "

    In 2010, MANN + HUMMEL in the Chinese market also continued the strong momentum of growth, not only has set up factories in the Jinan, Jiading and also extend the product portfolio, launched a series of new products, including air filtration system for acoustic devices. Last October, MANN + HUMMEL and Tongji University signed two cooperation agreements, cooperation with Tongji University to establish a "new energy vehicles, air and thermal management technology Joint Laboratory", and launched the "Engineer Training School" project, an annual intake of 15 graduates to better R & D personnel reserve.

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