Liebherr expects 2015 sales to top $10 billion; U.S. sales growth at 17.9% for first half

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Updated Nov 13, 2015
Stefan HeisslerStefan Heissler

Speaking at a press event in England, Stefan Heissler, member of the directorate of Liebherr International, said the privately-held company expects to have sales of €9.2 billion ($10.15 billion) in 2015.

The diverse company—which manufacturers a mix of products such as home appliances and maritime cranes in addition to earthmoving, mining, construction cranes and concrete products—saw a 5.1-percent increase in its earthmoving products this year through June, compared with 2014 figures.

During the same period in the United States, the company saw a 17.9-percent increase.

The company just introduced its new XPower large wheel loader line, which is expected to be in the states by mid-2016.

Positive sectors for the company this year include tower cranes, earthmoving and mobile cranes, with concrete technology products expected to be flat.

The biggest decrease has been in mining, a market that has created havoc this year for several manufacturers, including Cat. In the first half of this year, the company’s mining product sales decreased by almost 14 percent.

Liebherr currently has 11 product divisions, 41,000 employees and 40 production sites. “We are planning to invest approximately €755 million ($855 million) in our production sites and in sales, distribution and service” this year, Heissler says.