Epcos
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| EPCOS AG | |
| Type | Public (NASDAQ: EPC) |
|---|---|
| Founded | |
| Headquarters | |
| Key people | Gerhard Pegam, chairman. Dr. Wilfried Backes, board, and CFO. |
| Industry | Diversified Electronics |
| Products | passive electronic components |
| Revenue |  US$1.66 billion (2006) [1] |
| Employees | 18.000 |
| Website | http://www.epcos.com |
EPCOS AG is German a manufacturer of passive electronic components.
Contents |
[edit] Company History
The company was created in 1999 from Siemens Matsushita Components, which was a joint venture of Siemens AG and Matsushita in 1989. The stock opened on 15 October 1999 at the same time in Frankfurt and New York, with Siemens and Matsushita holding interests of 12.5% each. Matsushita sold its portions to Siemens in 2006. EPCOS AG remains today on the TecDAX.Company Profile.
[edit] Market Position
EPCOS is one the world-wide largest manufacturer of passive electronic elements. Their products include capacitors, ceramic electronic components, inductors, EMC filters, non-linear resistors, RF modules, surface acoustic wave components and ferrites.
EPCOS runs manufacturing and development in Europe, North and South America, and Asia. The portion of workers in cheap wage countries was approx. 70% in 2004. Further changes to business lines was announced in 2004. In 2005, 48% of the 16,100 jobs were in Asia, with 13 per cent in Germany.
[edit] Niche strategy
EPCOS announced in November 2005 to turn “more strongly than so far customer and user-specific business”. Emphasis is to be thereby “particularly on applications of the automobile and industrial electronics as well as telecommunications”. The management justified this strategy change with the increasing competition from cheap wage countries, which is particularly strongly pronounced with standard products.
In this sense in December 2005 it was announced that the line of business Tantal-Kondensatoren is sold to a selling price of about $103 million(USD) to the US capacitor manufacturer, KEMET. The business transition took place on 13 April 2006. Kemet Closes $103 Million Epcos Unit Buy. Retrieved on June 24, 2006.
[edit] Locations
In Germany EPCOS in has production of the Brenz (condensers, inductances and ferrites), in Berlin (ceramic elements) and in Munich (OFW components). World-wide EPCOS operates works in Portugal, Brazil, Spain, India, Hungary, Austria (Deutschlandsberg), USA, Czech Republic, Malaysia, Singapore and China.
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