TKH Group

TKH’s VMI Group, the global leader in Tire Building Machines, has officially inaugurated their new facility in India. The new facility will house a new overseas extension to VMI’s global engineering capabilities and will also be the service, maintenance and upgrade center for the fast-growing Indian market. Read more https://lnkd.in/eQGn_PPj

TKH's new factory in Eemshaven for the production of offshore windfarm cables was officially opened today by Henk Jan Bolding, Mayor of Het Hogeland and Alexander van der Lof, CEO of TKH Group, accompanied by the next generation. With an investment of €150 million, this state-of-the-art production facility is an important milestone for TKH, symbolizing our growth ambition and innovation drive, but also our commitment to contributing to the future of sustainable energy. The factory focuses specifically on the production of inter-array offshore cables, which interconnect the wind turbines of offshore wind farms. With construction starting in September 2022 and the start of production in March this year, the official opening was a moment to celebrate the dedication and hard work of all employees and partners involved. Read more https://lnkd.in/e5ivAWAa

Today, we announced our H1 2024 results, showing solid recovery in Q2 and an increased order book to support future growth. For more information please read https://lnkd.in/eUmjRaud

Today we announced the acquisition of Liberty Robotics, a state-of-the-art 3D vision guidance systems provider for robotic applications. Liberty Robotics is a key player in automation for the automotive and material handling sectors, its systems enabling precise end-of-arm robotic guidance. Liberty Robotics’ guidance systems complement TKH’s advanced 3D vision sensor technology and global market presence. Read more https://lnkd.in/eTRDuKtD

Today, we announced the divestment of EKB, a panel building and industrial automation company, to Eiffage. The divestment is part of our strategy to focus on our core technologies. Read more here https://lnkd.in/eedgQfeZ

TKH announces the divestment of HE System Electronic GmbH to Magna International Inc, a mobility company and one of the world’s largest automotive suppliers. Closing of the transaction is expected to take place at the end of May 2024. Upon closing, TKH is expecting a net cash inflow of approximately € 33 million in Q2 2024.

Today we released our Q12024 market update, in which we reiterated our full-year outlook for 2024. As anticipated, Q1 was weak on the back of ongoing destocking with customers at Smart Vision and Smart Connectivity and the ramp-up costs for the new factories. Our added value improved strongly, confirming TKH's strategic strength. Q2 is expected to be considerably better than Q1. For more information please read https://lnkd.in/eVuWu72n

At last week’s Tire Technology Expo in Hannover, TKH’s subsidiary VMI introduced Foreign Object Detection on the VMI MAXX tire building machines. This in-line, high speed detection system utilizes a high resolution camera to detect foreign objects in tread material. A superfast AI algorithm analyzes images in real-time which ensures extremely high levels of accuracy and minimizes the number of false-positive alarms, resulting in optimized levels of productivity, lower scrap rates, and minimizes usage of energy and raw materials. This newly developed option is the result of successful cooperation between VMI, Chromasens, LMI, TKH AI and TKH technology, all part of the TKH Group. https://lnkd.in/eZuv82VC

At last week’s Tire Technology Expo in Hannover, TKH’s subsidiary VMI introduced Foreign Object Detection on the VMI MAXX tire building machines. This in-line, high speed detection system utilizes a high resolution camera to detect foreign objects in tread material. A superfast AI algorithm analyzes images in real-time which ensures extremely high levels of accuracy and minimizes the number of false-positive alarms, resulting in optimized levels of productivity, lower scrap rates, and minimizes usage of energy and raw materials. This newly developed option is the result of successful cooperation between VMI, Chromasens, LMI, TKH AI and TKH technology, all part of the TKH Group. https://lnkd.in/eZuv82VC

We are proud to publish our 2023 Annual Report! Please click the link below to access the highlights as well as the ability to download the full report. https://lnkd.in/ep3t6tey