Company Danfoss
Danfoss is a company of Danish origin, founded in 1933, its core business is the production of thermal and industrial automation, refrigeration and drive technology. In 2012, Danfoss provided the public with impressive figures on the results of its work:
- 93 factories in the working process, which were located in 25 countries
- sales representatives operate in more than 100 countries
- 25,000 employees officially work for the company
All this is aimed at producing quality products that meet the needs and expectations of customers.
Key Features
- Danfoss is a privately held company with a net income of $ 463 million in 2018. This income can be called the result of the effective position of the organization, as well as offering high-quality goods at affordable prices. The firm focuses on selling:
- thermal and industrial automatic devices
- heat exchangers
- cooling equipment
- power electronics
High quality is an important factor in the rapid development of a company, as well as its ability to maintain a leading position in the market among competitors in its industry over time. Another important principle of the organization’s policy – continue innovation. Danfoss has implemented efficiency most importantly.
Key historical information
In the late 1930s, Danfoss had 29 employees working on the world’s first thermostatic expansion valves, as well as thermostats, pressure transmitters, dryer filters and water valves. After 20 years, thermostatic radiator valves entered production, and the digital “era” also begins.
In the mid-70s, fuel heaters were successfully added to the Danfoss product list. Some of the parts already produced by this organization began to be used in the assembly of a line of Audi cars. During this period employees totaled more than 11 thousand.
2010 is considered a post-crisis year for many when many companies had to get back on their feet. Danfoss emerged from the global financial crisis even stronger than ever before. And three years later they became full-fledged owners of Danfoss Turbocor Compressors and Sauer-Danfoss. The company then acquired Vacon, Sondex and White Drive Products.
Danfoss’s development strategy has led to tangible success.
In 2016, the company celebrated the 50th anniversary of its first series of T2 expansion valves, as well as the 50 millionth product.
It can be noted that the activity of the company has positively affected the development of compressor technologies in general.