DELO produces industrial adhesives for automotive, consumer, and electronics applications, as well as dispensing and curing equipment. The company’s total sales for its 2022 fiscal year (ended March 31, 2022) reached €182 million (approximately $194.8 million), a 9% increase over 2020.
DELO reports that half of its fiscal 2022 revenues came from Asia, with China alone accounting for 31% of its total sales. In 2021, the company established a subsidiary in Malaysia and opened new facilities in South Korea. Germany generated 19% of DELO’s sales for the year, followed by the U.S. (13%).
DELO had close to 900 employees in fiscal 2022, growing by 80 people over the prior year. Additional headcount growth is projected for the 2023 fiscal year as well, with the company planning 100 additional jobs.
“Due to limited air cargo capacity and local lockdowns, smooth delivery has been an ongoing challenge,” said Wolf-Dietrich Herold, Ph.D., managing partner. “Thanks to the great commitment of our employees and close coordination with our transport service providers, we managed to reliably supply our goods to our customers even in this difficult environment.”
Note: Opening photo courtesy of DELO.
No. 18 | DELO Industrial AdhesivesWindach, Germany
Managing Board: Wolf-Dietrich Herold, Ph.D.; Sabine Herold; Robert Saller
Sources: press release, company website