Voith GmbH & Co. KGaA Overview
Company Headquarters: Heidenheim, Germany
Founded: 1867
Workforce: ~19,000
Company Working: Voith GmbH & Co. KGaA is a leading company with a broad portfolio of systems, products, services, and digital solutions. It had set standards in the energy, oil & gas, paper, raw materials, transport, and automotive industries. The company also manufactures hydropower turbines, generators, and drive components, which are used in applications such as industrial plants, road and rail vehicles, and waters. It operates through four segments, which are hydro, paper, turbo, and digital ventures. The company offers energy storage system products under its hydro and turbo segments. It provides its advanced products and solutions for end-use industries such as cement, chemicals & petrochemicals, commercial vehicles & automotive, construction, marine, mechanical engineering, mining, oil & gas, thermal power plants, rail vehicles, and steel.
Voith GmbH & Co. KGaA has operations in more than 60 countries, across the globe. Ray Sono AG, Voith Turbo GmbH & Co. KG, Voith Hydro Holding GmbH & Co. KG, Voith Industrial Services AS, and Voith Industrial Services Holding GmbH are some of its subsidiaries
Strategy
Voith’s strategy is based on gaining traction and distinct alignment to megatrends like decarbonization and digitization. Its aim is to realign the company as a sustainable and high-performing group of companies with a clear structured and organized portfolio. The company is focused on expanding its core businesses and continuously working towards seeking new growth opportunities in the areas of sustainability. Voith will focus on further reinforcing its resilience in the operating business and will continue to achieve profitable growth in an economic environment.
