Renowned German business magazine WirtschaftsWoche has named TII Group as the world market leader in the mechanical and plant engineering category.
The magazine reported on this in a special edition published in November. “Receiving the award once again proves the resilience and reliability of our group of companies. It is also proof of the high level of innovative performance along with the outstanding economic importance of the industry experts, TII SCHEUERLE and TII KAMAG, in the segment of heavy duty, logistics and special vehicles on sales markets worldwide,” said Dr Gerald Karch, CEO of the TII Group.
The basis for the list of German world market leaders is the World Market Leader Index compiled by the University of St. Gallen and Academy of German World Market Leaders (ADWM). For this, researchers scientifically evaluate an extensive range of information on the candidates. The basis is provided by means of a database that currently features around 1,300 entries of potential world market leaders, and which is continuously updated.
The criteria are that the company’s headquarters must be in Germany, it must be active on at least three out of six continents, annual turnover must be at least 50 million euros, export share or non-domestic turnover must account for at least 50 per cent of the turnover, and the company must be considered to have the number one or two market position worldwide in terms of turnover in the relevant market segment.