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CHIRON Group 2018 announces record turnover

The management of the CHIRON Group: Vanessa Hellwing (CFO), Dr. Markus Flik (CEO), Wolfgang Ehrk (COO).

The CHIRON Precision Factory in Neuhausen ob Eck, Germany, is the largest single investment in the company's history. In October 2019 the most state-of-the-art machining center factory in Europe will be opening its doors.

The CHIRON Group, leader in the field of CNC-controlled vertical milling and turning, is growing: In 2018, the Group achieved a turnover of 498 million euros. Thanks to the new FZ/DZ 16 series from CHIRON and the MT 733 from STAMA, orders are now being received that would previously have been placed with established competitors. The new ConditionLine and ProtectLine software modules have enhanced the SmartLine range, and the construction of new factories in Taicang, China and Neuhausen ob Eck is also running according to schedule.

CHIRON Group 2018 strong across the board
In 2018, the CHIRON Group announced a record turnover of 498 million euros, 7% above the previous year's level. The domestic market was also revealed to be particularly strong with a share in turnover of 29% (2017: 30%). The share of European markets rose by 3% to 38%, whereas the American share decreased by 21% compared to the previous year to 16%. Asia accounted for 17% (previous year 14%).

The increase in turnkey projects (38% revenue share) demonstrates that these turnkey complete solutions from the CHIRON Group remain an important success factor. The other two segments also showed encouraging signs of development; standard machines accounted for 33% of the turnover, services 29%.

In terms of incoming orders, the automotive and supply industry remained the strongest segment with 60%. Mechanical engineering declined slightly in comparison with the previous year at 13%. Precision engineering and medical technology (10%) and the aerospace industry (8%) also showed positive signs of development. Tool manufacturing accounted for 3%.

New factories opening in May and October
Totaling more than 30 million euros, the new construction of the CHIRON Precision Factory in Neuhausen ob Eck, Germany, is the largest single investment in the company's history. The most state-of-the-art machining center factory in Europe, with a surface area of 14,000 square meters, will be opening its doors in October 2019. Construction work at the site in Taicang, China, where the Group has invested more than 10 million euros in the Taicang Innovation Factory, is also running according to schedule. Work began on the site at the end of 2017 and the factory is due to be opened in late May 2019. It will be the first factory in the world to produce machines from all three manufacturers (CHIRON, STAMA, SCHERER) under one roof.

Software as a fundamental component of machining solutions
One thing the company particularly focused on in 2018 was the development of new platforms and the market launch of the first series to be based on these – the FZ/DZ 16 from CHIRON and the MT 733 from STAMA. Thanks to their gantry design, both platforms are characterized by particularly high static, dynamic and thermal rigidity. This enables CHIRON and STAMA to use their highly developed turnkey skills to optimize existing manufacturing solutions and to tap into new markets. The new machining centers have been designed to meet the increased requirements in the automotive industry but are also equally well-suited to applications in the aerospace and medical technology industries.

The SmartLine range now also includes the new ConditionLine software modules for the targeted planning of maintenance work and repairs as well as ProtectLine, a system that protects the machine against collisions in all operating modes. The SmartLine modules, which will be further expanded in 2019, are a fundamental component of the Group's machining solutions; used in combination, the extraordinary productivity and precision of the new machining centers from CHIRON and STAMA can be exploited even further.

Quote from Dr Markus Flik, CEO CHIRON Group:

"We are delighted to have seen the highest turnover in the company's history as well as the successful launch of our new CHIRON FZ/DZ 16 and STAMA MT 733 machine series. The market has confirmed that we are adopting the right approach with our gantry design, which combines dynamics, precision and higher cutting forces in a way that has never been seen before."

"The new series from CHIRON and STAMA, together with our SmartLine software modules, form the basis for fully integrated system solutions. They enable our customers to harness the full potential of digital production and therefore exploit the outstanding productivity and precision of our machining centers."

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About the CHIRON Group

The CHIRON Group, headquartered in Tuttlingen, is a global company specializing in CNC vertical milling and mill-turn machining centers, as well as turnkey manufacturing solutions. The Group has a global presence, with production and development sites, sales and service subsidiaries, and sales agencies worldwide. With a workforce of 2100 employees, it generated €443 million in revenue in 2019. Around two thirds of machines and solutions that are sold are exported. Key customer sectors are the automotive, mechanical engineering, medicine and precision engineering, aerospace industries and tool production.

The CHIRON Group is proprietor of the brands CHIRON, STAMA and FACTORY5, associated with new machines, as well as the retrofit brand CMS. The key feature of all the brands is precise, productive and flexible machining. CHIRON has a reputation for optimum dynamics. STAMA focuses on stability and heavy machining. FACTORY5 machining centers are ideally suited for high-speed machining of microtechnical components. CMS provides completely overhauled machines from the Group, including related services. With products and solutions for additive manufacturing, the CHIRON Group supplements its core competencies.

Editorial contact:

Melanie Buschle

Kreuzstraße 75, 78532 Tuttlingen
T: (0 74 61) 940-3255
E-Mail: melanie.buschle@chiron-group.com