Posted to News on 5th Sep 2013, 14:50
Danfoss - from solo enterprise to global business
September 1 marked 80 years since Mads Clausen founded Danfoss in his parent's farmhouse in Nordborg, Denmark. Since then, the business has grown from a solo enterprise into one of the world's leading suppliers of energy-efficient and innovative products, employing a staff of 23,000 and with sales in more than 100 countries. Gaining an early footing on emerging markets and a clear focus on innovative products for its customers is part of the reason for this.
Right from the start, Danfoss has had an international outlook. The company began to export to other European countries as early as 1939, and in 1949, Danfoss set up its first foreign sales company in Argentina. During the 1950s, Danfoss established itself in USA and Germany, and when globalisation began to pick up speed in the 1990s, Danfoss was prepared, with factories and sales companies in both Russia and China. Today, these four countries are Danfoss' biggest markets.
Niels B. Christiansen, President and CEO, explains: "The global market has been a cornerstone for Danfoss, long before anyone even talked about globalisation, and this has provided us with an international position we can be proud of. We were one of the first to get out there on the large emerging markets and have worked purposefully to build up good relations with our customers and business partners. Going forward, we will continue to focus on our main markets and the BRIC countries, Brazil, Russia, India and China, while also putting more efforts into new growth markets such as Turkey and Indonesia, where we have already gained experience."
Right from Mads Clausen's first inventions, Danfoss has been devoted to developing innovative products that meet the customers' needs. It all started with the expansion valve to regulate refrigeration systems and continued with one of the world's first radiator thermostats to regulate heating, and the world's first mass-produced frequency converters for the speed control of electric motors. Today, Danfoss has close to 50 different product lines and invests around 4 per cent of its net sales in new and innovative products capable of saving the world large amounts of energy and CO2 - for example in food refrigeration, air conditioning, heating buildings, regulating the speed of electric motors, and in powering mobile machinery.
Niels B. Christiansen says: "We are highly focused on ensuring our product development is based upon customer needs: specifically, that our customers are involved in product development from start to finish, ensuring that products are placed precisely in that field with greatest significance to our customers. In China, for example, we have developed a new series of products targeted to the needs of the Chinese market."
To learn more about energy-efficient products from Danfoss, please visit www.danfoss.com.
