Freudenberg & Co. KG Company Profile
Freudenberg & Co.KG
Management services
- Establishment Year
1849
- Headquarters
Germany
- Key Management
Mr. Tilman Krauch (Executive Board Member)
- Revenue (US$ Mn)
~ 10,216.6 (2021)
- Headcount
~ 50,000 (2021)
- Website
Business Description
Freudenberg & Co. Kommanditgesellschaft (Freudenberg or ‘the group’) is a provider of services and products to the automotive, oil and gas, textile, mechanical engineering, and apparel industries. The company manufactures filters, vibration control technology components, and seals. The group also produces nonwovens and surface treatment products, release agents and specialty lubricants, mechatronics, and medical technology products. Freudenberg provides customer services in commercial vehicles, automatic passenger cars, plant engineering, and textile and apparel. Freudenberg covers four business areas: seals and Vibracoustic control technology; Technical Textiles and filters; specialties and others; and Home and Cleaning Solutions.
The business area of vibration control technology and seals comprises four business areas: Freudenberg sealing technologies, Freudenberg oil-gas technologies, EagleBurgmann and Vibracoustic. Freudenberg sealing technology is a global supplier and service partner to customers in the automotive, civil aviation, and shipbuilding sectors. Products include diaphragms, simmering, and high-precision molded parts such as dust boots, hydraulic accumulators, and bellows. It supplies seals for hydraulic or pneumatic applications, including silicone and frame gaskets. NOK-Freudenberg Group China, a joint venture of the Japanese NOK Corporation (and Freudenberg), is an equal-share joint venture.
Freudenberg Oil & Gas Technologies offers a range of seal products and solutions to the oil and gas industry. EagleBurgmann, an industrial sealing technology company, manufactures and markets a wide range of seals. These include mechanical seals as well as gas lubricated seals and carbon floating ring seals. Magnetic couplings and seal supply system, stuffing box packaging, flat gaskets, and expansion joints. Vibracoustic supplies and vibration modules and components for the global automotive market. These products reduce vibration and noise and increase ride comfort and safety.
Key Financials
Revenue (US$ Mn)
- Freudenberg & Co. KG’s annual revenue for 2021 was US$ 10,217 Mn, a -3.42% decrease from 2020
- The annual revenue generated by Freudenberg & Co. KG in 2020 was US$ 10,578 Mn
- At a -3.11% decrease from , Freudenberg & Co. KG’s annual revenue of US$ 10,425 Mn was indexed in 2019
- Freudenberg & Co. KG generated total revenue of US$ 10,760 Mn in 2018
SWOT Analysis
Strengths
Strong focus on research and development
Freudenberg’s success has been based on innovation. Over half of the company’s China sites have their own R&D. This represented 5% of its revenue. R&D at the group focuses on increasing and renewing its portfolio of products. To solve problems relating to multiple stages of the value chain, the group uses the collaboration R&D approach supported both by the German government as well as the EU. Through its extensive research, the group has developed many new products.
The company received grants from the government worth EUR8.4 million in FY2020 to support R&D, compared with EUR3.9 million in FY2019. Freudenberg’s strong focus on R&D allows it to mitigate potential risks from rapid technological changes. It also safeguards its competitive advantage through its technology leadership and seizes new growth opportunities.
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