ODU Reports Successful Growth for 2013 Business Year
ODU recorded growth of 14% in the 2013 business year in comparison with the previous year. Worldwide the industry recorded growth of approximately 3%. Sales turnover for the specialist in electrical connectors is currently €130m.
ODU managing director Dr. Joachim Belz said, "We are proud of the healthy growth recorded worldwide in both our standard connectors and our customised connectors for specific applications. Sales turnover nearly doubled to the end of 2013 since the economic crisis year of 2009.
"Our abilities in implementing customer requirements and our flexibility has proven effective even in the European market rated as weak by economic experts. ODU recorded double-digit growth and is pleased about achieving a record year."
ODU’s success applies to a broad area of application – from medical through measurement and testing to military and security technology.
Expertise in implementation of electrical connection technology – worldwide
The medium-sized company works on both a national and international level through high quality, creative innovation and flexible customised solutions. In addition to expanding in the European market, ODU plans to continue its expansion in the Chinese market. The priorities in China include the expansion of essential production technology and the development of local products produced in the country.
The proven ODU principle that all expertise and key technologies are kept in house is a substantial competitive advantage. The result: growth rates markedly above the industry average. In the US, ODU has created the conditions for further growth by substantially strengthening sales activities and the expansion of cable assemblies for the local market.
"We are continually expanding our existing products lines and place importance on new technological challenges such as the demands for increased data rates or advanced miniaturisation," Dr Joachim Belz added.
"By focusing on our core markets and being prepared for opportunities in local niche markets we are building on the previous successful years."
The ODU connector experts are making a double-digit investment targeting state of the art production technologies. This includes an expansion of the production areas at the locations in Mühldorf and Sibiu, Romania. In combination with the expansion of research and development the investments insure that the coming years will be successful ones for ODU – for innovative connector solutions worldwide.