TRUMPF believes in Chinese economy

JFY, a TRUMPF subsidiary in Yangzhou, has opened its new production site. Ms. Susanne Lada'a, a representative of Germany's Consulate General in Shanghai, attended the event - as did TRUMPF Managing Partner Mathias Kammüller, who emphasised that the Chinese market is tremendously important to TRUMPF. Heinz-Jürgen Prokop, who oversees TRUMPF's business activities in China, was also at the ceremonial opening. He said: "Our two different brands in China, JFY and TRUMPF, allow us to supply our customers and business partners in the country with products and solutions tailored to different market segments."

TRUMPF has stated that it invested 12 million euros in the new JFY production site - now the Group's largest production site worldwide, comprising some 19,000 square meters of floor space. JFY's 771 employees manufacture primarily laser, punching, and bending machines. Its annual production output of over 1,000 CNC bending machines makes JFY the market leader in China. The company also produces more bending machines than the entire TRUMPF Group. JFY, acquired by TRUMPF in 2013, also manufactures several hundred laser-cutting and punching machines every year. This subsidiary recently generated 86 million euros in annual revenue.

In addition to opening the new site in Yangzhou, TRUMPF is also investing in its own company in the country: TRUMPF China. Construction crews broke ground in late April for a new multipurpose facility, an eight-million-euro investment. With a workforce of 590 people, TRUMPF China has already generated more than 300 million euros in revenue during this fiscal year. High-quality laser cutting machines that process sheet metal are the company's primary driver of revenue. By contrast, JFY is positioned in the low to mid-range segment. TRUMPF China and JFY both produce almost exclusively for Chinese customers.