Posted on 2/25/2016
For more than 70 years, ODU has been leading the way in high-performance connector technology for demanding applications. In 2015, the company managed to increase its turnover from 139 to 146 million euros, a growth rate of 5 percent. “We actually exceeded our original target of crossing the 140-million-euro threshold,” explains Dr. Joachim Belz, CEO at ODU. “We’re pleased with this result considering the context of the global economy, which has cooled down quite significantly.”* In the US and China, ODU’s results came in above the expected industry average. This can be explained by ODU’s project-related business with application-specific products in the US as well as its highly successful business with local Chinese customers – where, against all economic trends, ODU even generated double digit growth.
Manufacturing depth and a broad product range
In the current year, ODU plans on strengthening its market position – while also focusing on sales growth. “Our goal for 2016 is to cross the 150-million-euro threshold,” explains ODU’s CEO. A number of measures help to ensure the company’s success: In addition to expanding its R&D department and laboratory, ODU is strongl...