Heat pump sales boosts Vaillant turnover to €3.7bn
24th June 2023
GERMANY: The Vaillant Group claims to be among the three largest European heat pump suppliers after reporting a sales growth of more than 75% in 2022.
The significant further expansion of the German manufacturer’s heat pump business in the 2022 financial year boosted turnover by 11% to €3.7bn, while the number of employees across the group increased from 16,000 to around 17,000.
The Remscheid-based heating technology provider Vaillant Group, which made its name in gas heating, only switched its strategic focus to heat pumps in 2016.
Up to €2bn has now been earmarked for investment in the growing heat pump business. Particular focus is on the expansion of production and development capacities and the expansion of the range of services for specialist trade partners.
Series production will start in autumn 2023 in a new mega factory in Slovakia, which will exclusively produce heat pumps. This, in addition to its existing heat pump plans in Germany, France and England, will see production capacity doubling to well over 500,000 heat pumps per year.
Large investments continue to be made in he company’s headquarters in Remscheid. A state-of-the-art factory is currently being built there, in which 12,000m2 has been allocated for the production of electronic heat pump components.
Vaillant has been concentrating product development on heat pumps using propane refrigerant and this will become the exclusive refrigerant from 2025, the company says.
Related stories:
Slovakia heat pump plant will double production – 10 March 2023
GERMANY: Vaillant is commissioning its new 100,000m2 mega factory dedicated to the production of heat pumps in Senica, Slovakia. Read more…
Aldi to install propane heat pumps in new stores – 14 May 2023
UK: Heat pumps using R290 (propane) are to be installed at all new UK Aldi supermarkets in a new deal with Vaillant. Read more…
Vaillant begins UK heat pump production – 22 November 2022
UK: Vaillant UK has added a heat pump production line at its headquarters in Belper, Derbyshire. Read more…
