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Liebherr achieves record mining revenue in 2012

World Coal,

The Liebherr Group achieved a record turnover in 2012 despite the slowdown in global economy. The group increased its total turnover in the past business year by more than € 760 million to € 9.1 billion, growth of more than 9 %.

Mining revenue increases by 28%

In terms of mining, there was an above-average rise in turnover, which increase by € 280 million (28%). This was a slight increase on the previous year’s rate of growth. Total sales revenue was € 1290 million.

The mining division invested almost € 100 million. Progress was made again on enlarging the production facilities for mining trucks in Newport News, the US, and for mining excavators in Colmar, France.

In Adelaide, Australia, Liebherr’s facility is being extended in order to provide mining equipment customers in the region with further support. A 12,000 m² store and logistic centre and a 16,000 m² component reconditioning centre are being added.

In the miscellaneous products and services area, which includes the components division, investment reached approximately € 60 million. Construction work on a further component manufacturing facility began on a site of 150,000 m² in area close to Biberach an der Riss, Germany. It will be used to manufacture switchgear, electric motors and other items. At Colmar, France, a new 50,000 m² site has been developed and will be used by the components division for an R&D centre and a production plant for mining components.

Outlook for 2013

In 2013 the Liebherr Group currently expects total turnover to reach the same level as 2012. Relatively moderate development is to be expected in the construction machinery and mining areas in particular.

Investments in the 2013 business year will be at approximately the previous year’s level. Since the sales and service network is to be enlarged again and capacity increased at various production locations, creation of further new jobs is planned for 2013.

Adapted from press release by Jonathan Rowland.

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