Dutch-based Kendrion develops, manufactures and markets high-quality electromagnetic systems that increase safety, efficiency and comfort in automotive (50% of revenues) and industrial applications (50%). Kendrion’s products are used in systems such as lifts, door-locking, robots, medical equipment, electrical switch boxes and advanced actuators for electrical and hybrid vehicles in applications such as sensor cleaning, battery cooling and acoustic alerting systems.
In this interview, CEO Joep van Beurden and CFO Jeroen Hemmen discuss how the company reacted to COVID-19. Joep gives an update on the trends that will dominate future growth in both the automotive and industrial divisions, with examples of high-growth niches. Jeroen explains the financial targets of Kendrion for 2025, which were recently set at its CMD in September.