The EPCOS AG is a manufacturer of passive electronic elements.

Enterprise history

The enterprise EPCOS came out 1999 from the joint venture Siemens Matsushita Components created by the Siemens AG and the Japanese company Matsushita 1989. The stock exchange first quotation of EPCOS took place on 15 October 1999 at the same time in Frankfurt and New York, whereby first both Siemens and Matsushita held 12.5% of the portions in each case. 2006 sold its portions to Siemens. Shares of the EPCOS AG are acted today in the TecDax and in New York.

Positioning on the market

EPCOS is one the world-wide largest manufacturer of passive electronic elements. The Produktportfolio covers condensers, ceramic elements, surface wave filters as well as inductances.

The enterprise converted 2005 about 1.24 billion euro and gained thereby a loss of 119 millions euro.

EPCOS has manufacturing and level of development places in Europe, north and South America and Asia. The portion of coworkers in cheap wage countries was already 2004 with approx. 70%, further misalignments of jobs and complete lines of business to 2004 was announced. 2005 worked 48 per cent of the 16,100 coworkers of EPCOS in Asia, 13 per cent in Germany.

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 86,5 millions euro to the American condenser manufacturer KEMET. The business transition took place on 13 April 2006.

Locations

In Germany EPCOS in Heidenheim produces to 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, the USA, Tschechien, Malaysia, Singapore and China.

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