ElringKlinger AG Overview
Company Headquarters: Germany
Founded: 1879
Workforce: ~10,393
Company Working: : ElringKlinger AG (ElringKlinger) is one of the leading OEMs and suppliers of plastic housing modules, transmissions, exhaust systems and underbody, exhaust gas purification technology, cylinder-head and specialty gaskets, shielding components for engines, as well as battery and fuel cell components. It operates through five business segments—original equipment, after market, engineered plastics, services, and industrial parks. It offers engine encapsulation under the original equipment segment. The company operates through 43 locations across the globe.ElringKlinger South Africa (Pty) Ltd, PT ElringKlinger Indonesia, HURO Supermold SRL, and Elring Parts Ltd are some of the subsidiaries of the company.
Strategy
ElringKlinger focuses on research and development; in 2017, the company invested 5% of its revenue in research and development to cater to changing trends. It also increased the strength of the team to 597. The company aims at establishing a worldwide supply chain network to make its products available across the globe. The company also aims to continuously improve revenue by enhancing the product portfolio. In 2019, the company witnessed increase in revenue in first quarter of 2019, by 2.4% year on year. The revenue expansion is driven by sustained buoyancy in demand within North America.
