EuroWire July 2018

Corporate News

New USA factory for wire rope manufacturer GUSTAV Wolf has opened its new factory in the USA. The manufacturer of wires and ropes, based in Gütersloh, Germany, is pushing ahead with its international strategy and making a clear move towards further growth.

“We’re now manufacturing in the USA as well. This represents an important step in the more than 130-year history of our company,” said Dr Ernst Wolf, managing director. “It’s in keeping with our tradition to occupy the strongest markets on every continent. Our organic growth is a continuous process. This year, we’re expecting our group turnover to increase by 15 per cent, reaching $184m.” Gustav Wolf now has six rope plants on three continents. Together with Asia and Europe, the USA is one of the biggest markets for these specially constructed ropes. Three years ago, the company director conceived the idea of setting up the company’s own production site in the USA. The site is located in Rome, Georgia, a town of 36,000 inhabitants. The German company bought the factory from a local manufacturer. “From May onwards, we’ll be additionally installing some new machines. And that’s just the beginning. We plan to have 30 staff at the site and want to achieve a turnover of $12.3 million,” said Reinhard Bänisch, the division manager for steel wire ropes. “Our ropes, produced for the major and leading elevator manufacturers, fulfil the highest standards. We’ll manufacture about 3,000 tons of elevator rope in the USA per year, exclusively

for the American market,” added Richard Lindemeyer, who manages the USA site. The 61,354ft 2 premises in the southeastern state of Georgia offers the family-run company the possibility of expanding further. “The USA represents a growth market for us and Rome is a geographically, and thus strategically, ideal location for us. We’re moving even closer to our American customers,” added Dr Wolf. “Our aim is and has always been to be able to deliver our premium products to our customers within 24 hours. Establishing a base in the USA means that we can now accomplish this for all our customers throughout the world.” ▲ ▲ From left, managing director Dr Ernst Wolf; production manager Gerry Blalock; and Reinhard Bänisch, division manager for steel wire ropes

GustavWolf GmbH – Germany Website : www.gustav-wolf.de

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July 2018