Leoni’s sales and earnings take hit from Covid-19
August 12, 2020The automotive industry is one of the most important business segments for German manufacturer Leoni. Considering the impact the current pandemic has had on this industry sector, Leoni’s business performance has been significantly affected by the pandemic too.
Leoni expects a heavy hit from COVID-19
March 23, 2020Leoni AG says that the company expects considerable burdens on sales, earnings and liquidity stemming from the economic uncertainties associated with the spread of COVID-19. The level of this impact is not foreseeable at this stage.
Leoni expands with a clear focus on electromobility
March 13, 2020Leoni, is celebrating the 20th anniversary of its Wire & Cable Solutions Division (WCS) location in Cuauhtémoc, Mexico, with a plant expansion and a focus on electromobility.
Leoni to expand its production plant in Mexico
August 15, 2019Leoni says that the company is broadening its commitment to electromobility. With this new expansion work, the company’s Wire & Cable Solutions Division (WCS) will be enlarging its facility in Cuauhtémoc, Mexico by 7000 square metres with the option for a further 3000 square metres.
Leoni appoints Ingrid Jägering as CFO
May 22, 2019Leoni announces that the company has appointed Ingrid Jägering as Chief Financial Officer. She will take office at the latest on 1 October 2019. There are currently negotiations about her taking office at an earlier point in time.
Leoni and relayr enter strategic partnership
April 05, 2019Leoni and Industrial Internet of Things (IIoT) solutions provider, relayr, are entering a strategic partnership. The companies will jointly work on linking intelligent cable and automation systems with innovative IoT technologies.
Leoni needs to stabilise its business – plans headcount reduction
March 18, 2019Given the significantly greater costs connected to the ramp-up difficulties at the plant in Merida, Mexico, coupled with the persistently poor performance in the Wiring Systems Division and a further downturn in the market, Leoni says it cannot maintain its guidance for 2019.
Disappointing end to fiscal 2018 for Leoni
February 11, 2019Due to disappointing earnings performance in the fourth quarter 2018 leads Leoni to intensify measures to stabilise its business.
Leoni and Hengtong form JV to manufacture singlemode fibers
January 31, 2019Leoni and Hengtong Optic-Electric Co., Ltd., a supplier of cable and system solutions for the telecommunications and energy sectors, are joining forces to jointly produce singlemode fibers for telecommunications and data networks in Jena, Germany for the European market.
Leoni tasked to get Volkswagen ready for production of EVs
December 18, 2018Leoni says it has been awarded a contract by Volkswagen to equip 1’300 robots with the dresspack solution LSH 3 for the production of EVs on the modular electric platform MEB at the carmakers production site in Zwickau.
Leoni places borrower’s note loan for more than EUR 300 million
December 12, 2018Leoni AG says that it has successfully placed a borrower’s note loan (Schuldscheindarlehen) in the amount of EUR 331 million. The borrowed funds will make a major contribution to providing the long-term finance for the group’s future development.
A volatile market forces Leoni to rethink its guidance
October 22, 2018The German cable manufacturer says that it has adjusted its guidance for fiscal 2018 to the latest market and business developments.
Leoni and Diehl enters partnership dedicated to electromobility
October 08, 2018Leoni and Diehl have entered into a strategic partnership covering battery systems for electric and hybrid vehicles.
Leoni with a new plant in Serbia – wants to hire more than 4’000
September 26, 2018The German cable specialist is looking to become one of the largest industrial employers in Serbia. Leoni says it will create jobs and employ more than 10’000 people in Serbia once the new plant in Kraljevo is fully operational.
Leoni grows at Schmalkalden location
August 23, 2018Leoni expands its Schmalkalden location in Thuringia (Germany). In the future, integration-ready robots can be prepared in-house.
Leoni’s new CEO starts on September 1, 2018
July 11, 2018Aldo Kamper will take up his position as Leoni’s new Chief Executive Officer on September 1, 2018.
Leoni invests millions in new Bulgarian manufacturing plant
June 15, 2018The German cable manufacturer will invest EUR 32 million in a new production facility in the Pleven region of northern Bulgaria. This new investment is said to create more than 2'000 new jobs.
Cable manufacturer strengthens funding with syndicated loan
June 12, 2018Leoni says that the company has has realigned its corporate funding. The company consequently agreed a credit line amounting to EUR 750 million and a duration of at least 5 years with 8 banks.
Leoni's making progress with the "Factory of the Future"Load more news
June 04, 2018Leoni says it has completed building the shell of its "Factory of the Future". This marks the next milestone in the realisation of its Competence Centre in Roth, Germany.