The KACO new energy Group expects 200 million Euro in annual sales in 2015, almost double its 2014 numbers.
In a difficult environment business for European manufacturers, the KACO new energy Group–comprising of a headquarters in Neckarsulm, Germany, and subsidiaries in South Korea and the United States–has increased its annual sales to almost double the previous year. KACO new energy USA nearly tripled its annual sales. That means that the German inverter manufacturer has done what many competitors have failed to achieve, allowing KACO new energy to emerge strengthened from the crisis of the European PV market. KACO new energy is therefore looking optimistically to 2016, in which it is striving to achieve further growth and annual sales of 250 million Euro.
The most important reasons for the positive 2015 financial statement comes from two factors: good growth in the North American and Asian Pacific markets, and continued growth in the more complex European market. The three parts of the group benefit from a comprehensive product range, which is tailored exactly to meet the real needs of today’s PV customers.
This positive business dynamism shows that the KACO new energy re-structuring and further development measures implemented in the course of the 2020 Vision are taking hold. Amongst other things, these include cooperation with competent manufacturing and sales partners, such as in Saudi Arabia or Thailand; a sophisticated, cost-efficient service strategy, and focused reinforcement of the team in growth markets. These measures are also accompanied by general cost-savings in all company divisions.
Good, solid house-keeping at all times, as well as the timely decisions to set up production and sales in the three major global PV regions have definitely proven themselves to be right: alongside the German Headquarters in Neckarsulm, conducting business principally in EMEA, facilities in San Antonio, Texas, and Seongnam, South Korea, constitute the pillars of the company’s success these days. Evidence of this can be seen from the fact that KACO new energy Asia succeeded in exporting 15 Powador XP 500-HV TL to the Japanese market, which is difficult to access, in addition to the 25 that it exported to Thailand. These 20 MW systems, complete with fittings, account for
3 million US dollars in the Asian Pacific region alone.
So what does 2016 have in store? Above all, new highly-competitive products for the residential, commercial and utility sectors, including the award-winning blueplanet ultraverter, based on advanced technological development. In addition, there will be integrated solutions, and compact inverters for PV power plants.
There is now great demand worldwide for providing residential estates with PV-generated electricity and heating, such as in the demonstration project which was successfully completed in the Baden-Württemberg town of Weinsberg. They require inverters larger than typical residential units, but smaller that grid-scale inveters.
KACO CEO Ralf Hofmann promises: “In a time of faceless mass-produced goods, our customers worldwide can continue to rely on top ‘Made in Germany’ quality.”
