ODU completes a successful 2013

The company grew by 14 percent in the last year - and consequently ranks well above global market growth

Mühldorf, (PresseBox) - ODU recorded growth of 14 percent in the 2013 business year in comparison with the previous year. Worldwide the industry recorded growth of about three percent. Sales turnover for the specialist in electrical connectors is currently 130 million Euro. 'We are proud of the healthy growth recorded worldwide in both our standard connectors and our customized connectors for specific applications. Sales turnover nearly doubled to the end of 2013 since the economic crisis year of 2009' Dr. Joachim Belz, managing director of ODU, stated. 'Our abilities in implementing customer requirements and our flexibility has proven effective even in the European market rated as weak by economic experts. ODU recorded double-digit growth and is pleased about achieving a record year.' ODU's success applies to a broad area of application - from medical through measurement and testing to military and security technology.

Expertise in implementation of electrical connection technology - worldwide

The medium-sized company convinces both on a national and international level through high quality, creative innovation and flexible customized solutions. Besides expanding in the European market ODU plans to continue its expansion in the Chinese and European market. The priorities in China include the expansion of essential production technology as well as the development of local products actually produced in the country. The proven ODU principle that all expertise and key technologies are kept in house is a substantial competitive advantage. The result: growth rates markedly above the industry average. In the USA ODU has created the conditions for further growth by substantially strengthening sales activities and the expansion of cable assemblies for the local market. 'We are continually expanding our existing products lines and place importance on new technological challenges such as the demands for increased data rates or advanced miniaturization' Dr. Joachim Belz said. 'By focusing on our core markets and being prepared for opportunities in local niche markets we are building on the previous successful years.' The ODU connector experts are making a double-digit investment targeting state of the art production technologies. This includes an expansion of the production areas at the locations in Mühldorf and Sibiu, Romania. In combination with the expansion of research and development the investments insure that the coming years will be successful ones for ODU - for innovative connector solutions worldwide.

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ODU GmbH & Co. KG

The ODU Company Group: Global representation with perfect connections ODU is one of the world's leading connector systems suppliers and employs more than 1,500 people around the world. Aside from company headquarters at Mühldorf am Inn, the ODU Group also has an international production and distribution network in Sibiu/Romania, Camarillo/USA and Shanghai/China. ODU combines all relevant areas of competence and key technologies relating to design and development, machine tool and special machine construction, injection, stamping, turning, surface technology, assembly and cable assembly. ODU connectors are used worldwide in numerous areas and ensure a reliable transfer of power, signals, data and media: in future-oriented growth markets such as medical technology, military and security technology, and energy technology, as well as in established sectors such as industrial electronics, measurement and testing technology, and automotive technology.

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