Hard (AT). The faigle Group has posted its results for the 2022 financial year – revenue held steady compared with 2021, coming in at EUR 82m, while headcount was also unchanged, at 400 employees. Last year, the company launched a number of new products, as well as placing a greater emphasis on international cooperation between Europe and China. In 2023, Chinese subsidiary Suzhou faigle Engineering Plastics Co., Ltd. is also celebrating its 20th anniversary.
In 2022, the faigle Group, which has a total of four sites in Austria, Switzerland and China, saw revenue remain in line with the previous year, at EUR 82m. After posting revenue of EUR 83m in 2021 – an all-time high – the 2022 result was still up significantly on previous years, with the Group’s record growth holding steady at a high level. faigle Group Chief Operating Officer (COO) Friedrich Faigle was delighted with the results: “Besides reporting stable revenue, we’re very pleased that we were able to achieve these results while retaining a workforce of 400 employees. This is not something we could have taken for granted in view of the challenges faced by the economy and society over the past few years, so I would like to express my gratitude to all of our people for their hard work during this period. This also enabled us to make major investments in automation and digitalisation in 2022.”
Sustainability through innovation
Friedrich Faigle offered an insight into further new developments at faigle: “In 2022 we unveiled two new products that will help us to hit our sustainability targets: the faigle wheel holder and our ecoWheel. The design of the wheel holder is particularly energy efficient, which will help our customers to cut their CO2 emissions. And the ecoWheel is the first intralogistics running wheel made from climate-friendly materials.” It’s not just in terms of products that faigle is committed to continuous improvement. “As a manufacturer, we obviously need electricity, there’s no getting around that. But our priority is to keep our consumption as low as possible and identify potential energy savings at an early stage, for instance by adapting our product designs. What’s more, we use solar power at all of our sites,” Faigle explained. All four members of the faigle Group have their own photovoltaic systems, which now cover around 25% of their energy needs.
faigle celebrates 20 years in China
There are also reasons to be upbeat in Suzhou: faigle’s Chinese plant is celebrating its 20th anniversary in 2023. Suzhou faigle Engineering Plastics Co., Ltd. has seen a lot of changes in recent years. The site is committed to using state-of-the-art production with a high degree of automation. Quality control is another key factor – as recently as 2019 faigle set up its cutting-edge PAS® centre, where rollers for escalators and moving walks undergo rigorous testing. This assures the quality of faigle’s products, and is also a means of checking whether new developments are suited to day-to-day operations. Recertification as a High-Tech Enterprise by the relevant bodies in China and obtaining national CNAS certification also enabled Suzhou faigle Engineering Plastics to raise its profile in 2022. It is the only private company to obtain CNAS certification for roller system testing from China’s national office for the accreditation of laboratories and certification and inspection bodies. “We’re really proud of how well our site in China is progressing. The fact that we were able to maintain full supply reliability throughout the Covid-19 crisis is a testament to our employees there. The proximity to our partners and suppliers in Asia played a part in enabling us to continue delivering plastic products to our customers without a hitch,” commented a highly satisfied Friedrich Faigle. He added: “By the same token, our locations in Europe were able to make up for the interruptions caused by China’s strict zero-Covid policy. Which underlines how effective our international cooperation has proved to be.”
"Besides reporting stable revenue, we’re very pleased that we were able to achieve these results while retaining a workforce of 400 employees. This is not something we could have taken for granted in view of the challenges faced by the economy and society over the past few years, so I would like to express my gratitude to all of our people for their hard work during this period."