Investments also include a new product platform, new plant facilities in Loves Park, Illinois, United States, a new printed circuit board factory in Graasten, Denmark, a manufacturing facility for Power Modules in Schleswig, Germany, acquisition of gear motor manufacturer Bauer in Germany, implementation of Danfoss Low Power, and a business unit focusing on customised products.
Each week Danfoss Drives produces 13000 VLT® frequency converters. High power drives are produced at Danfoss Drives’ production facility in Illinois, US, and the rest is produced in the largest electronic enterprise in Denmark, Danfoss Drives in Graasten, where 1,150 people are dedicated to the manufacturing of frequency converters.
Danfoss Drives provides drives solutions only. Only Danfoss Drives is totally dedicated to develop, produce, commission, and service drives solutions. Since 1968, when Danfoss Drives put the world’s first mass produced frequency converter on the market, unsurpassed knowledge of technology and application has been developed in close cooperation with a large number of global OEM customers. Danfoss Drives is dedicated in every step – from development, through production of vital components such as Danfoss Silicon Power’s power transistors and global presence – which assure maximum reliability for customers.
This always made Danfoss Drives able to provide quality products – not the cheapest, but with the lowest lifetime costs and according to customers needs. The developers at Danfoss have been able to meet customer’s requests and make the products renowned globally.
The highly automated facilities around the world together with a throughput modular design enables Danfoss Drives to mass produce highly customised drives - quickly and cost efficient – and makes Danfoss Drives the most successful and the largest drives provider in Europe. Danfoss Drives market share is constantly growing. No competitors have significantly larger market share and only few competitors can claim to have the same or larger market share. Danfoss Drives is among the top four globally on the low voltage market (up to 690 Volts).
This development makes Danfoss Drives the fastest growing business unit within the Danfoss Group – Denmark’s largest industrial enterprise. The Danfoss Group has net sales of about 19.4 bn DKK (2.6 billion EUR) and employs more than 20,000 people worldwide, and Danfoss Drives is an important contributor to this picture.
Danfoss’ vision is to be a global market leader within its core businesses: Refrigeration & Air Conditioning, Heating & Water, and Motion Controls. This is to be accomplished through growth and acquisitions. Within Motion Controls, Danfoss Drives is the main part, fully accomplishing the strategy of growth, as the company is very near to be number two globally in its main product segment, which is the long term goal for all divisions.
Danfoss Drives has made considerable investments to meet market demands in the future – investments financed entirely by Danfoss’ own means. The family-owned enterprise is extremely solid.
Danfoss Drives has an exceedingly solid foothold in the drives market, financially it is extremely strong. Recent investments in modern, trimmed facilities and a dedicated staff are ready to bring Danfoss Drives further success globally.
