|Today in manufacturing news we feature a story from the German Cable Manufacturing giant Leoni who have recently acquired the Spanish Cable Manufacturer Furas. For full details please read on:
Spanish cable manufacturer Furas to become part of the Leoni Group
Leoni will acquire the activities of the Spanish cable manufacturer and assembler Furas to round off its portfolio of high-quality power cord products subject to cartel authority approval. With annual sales of about EUR 43 million and about 310 employees, the company, which was established in 1969 and is based in Spain and Morocco, is among Europe’s leading manufacturers of cordsets for the electrical appliance industry.
High-quality power cords for electrical appliances
Furas has many years of experience in producing rubber-insulated and fabric-braided cables and power cords. These are used mainly for small electrical appliances, professional power tools and industrial pumps. With this acquisition in its Electrical Appliances business unit, Leoni will offer its customers a comprehensive range of products in the high-quality power cord segment and will broaden its footprint in the European market. Supported by Furas’ extensive know-how, Leoni also plans to expand its position in the Chinese market for rubber-insulated and fabric-braided cables and power cords.
The Leoni Group – successful in a variety of markets
Leoni is a global supplier of wires, cables and wiring systems as well as a provider of related development services. With more than 35,000 employees and about 100 subsidiaries, the MDAX-listed Company generated consolidated sales of EUR 2.1 billion in the 2006 financial year. The principal customer base is the automotive industry, for which Leoni develops and makes technically sophisticated products: from single-core automotive cables through to complete wiring systems with integrated electronics. In addition, Leoni’s product range comprises wires and strands, standardised cables for the electrical appliance and automotive industries as well as special cables and fully assembled systems for applications in a wide variety of different industrial markets.