Leoni AG
From Wikipedia, the free encyclopedia
Leoni AG, based in Nuremberg, Germany, is a cable and harnessing manufacturing firm with branches throughout the world.[1]
 | |
| Company type | Aktiengesellschaft |
|---|---|
| FWB: LEO | |
| ISIN | DE0005408884 |
| Industry | Manufacturing, engineering |
| Predecessor | Westfälische Kupfer- und Messingwerke AG vorm. Casp. Noell |
| Founded | 1917 |
| Headquarters | Nuremberg, Germany |
Key people | Klaus Rinnerberger, CEO Dr. Harald Nippel, CFO |
| Products | Power, instrumentation and telecommunications cables, cable harnesses |
| Revenue | €5,119 million (2021) |
| €48 million (2021) | |
Number of employees | 101,372 (31 December 2021) |
| Website | www |
It is listed on the Frankfurt Stock Exchange and is a member of the mid-cap MDAX index, and is claimed as global leader of cable systems.[2]
Products
Leoni made all cables and powercords for Dell and Gateway 2000 during the dot-com boom of the 1990s in their plant in Birr, Offaly, Ireland, which was then moved to Slovakia.[citation needed]
In Stryi and Kolomyia, both in Ukraine, the company produces wiring systems for the automotive industry. In 2022, as a result of the Russian invasion of Ukraine, production at these sites was halted, causing widespread production stops at European automobile factories.[1][3]
Subsidiaries
Leoni Wiring Systems Southeast
Leoni AG owns Leoni Wiring Systems Southeast, established on 3 April 2009, with headquarters in Prokuplje, Serbia. It built its facility in Prokuplje on the foundations of bankrupted company "FIAZ Prokuplje" (asbestos manufacturing) in 2009.[4] In 2013 it was reported that the facility in Prokuplje employed 1,750 people.[5] In August 2013, Leoni Wiring Systems Southeast started building its second facility in Malošište (near Doljevac), worth 21 million euros, that would employ 1,500 people by the end of 2014.[5][6] In July 2017, Leoni Wiring Systems Southeast opened 6,000 square meter facility in the city of Niš[7][8] and the opening ceremony was attended by President Aleksandar Vučić.[7]
In 2016, gross revenues were €130.05 million and €6.65 million net income,[9] positioning it as Serbia's 65th largest company by revenue, and 62nd largest by profit.[9] The same year, the company was considered among the 15 largest exporter companies of Serbia, with 147.6 million euros worth of exports.[10]
In 2018, Leoni Wiring Systems Southeast reported that it employs around 6,000 people in three facilities in Prokuplje, Malošište and Niš.[11]
References
External links
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