“We are looking forward to the opportunities and growth that we are waiting in this promising market,” says the director of Steyr Motors at the opening of an office in Jakarta. While many companies are currently fighting with demand and taking out the cutbacks, the special motor manufacturers have the signs of growth.
If you are looking for a definition for a standing man, you can easily say Steyr Motors. In 2018, bankruptcy procedures via the special motor manufacturer, which was completed in 2022, was opened. In the same year, the German investment company Mutares took over the company, which had previously heard Thales Austria.
A bad news again in the spring of 2023: to ensure survival, it was announced that up to 50 jobs will be lost. The measure had an effect: the sale of the engine pulled, the profit developed positively, the turnover could be considerably increased.
And the growth course continues: In December 2024, Steyr Motors was happy with the first orders in Taiwan after opening a regional office in Beijing. Moments later, a new customer followed in the form of amphibious navy, where an air cushion vehicle from the American called Explorer 24 is supplied with powerful engines.
Another customer is not so far away that the company, which was on the Stadgoed of Steymr, was recently fishing. A two -year contract was concluded with Palfinger AG to deliver the specialists for cranes and leverage solutions from Salzburg in the field of lifeboats with engines.
Sale plus of more than 40 percent in sight
According to their own information, the engines of Steyr engines are mainly used in defensive and special vehicles, boats and as auxiliary units for combat tanks and locomotives. In 2024 the turnover is probably between 41 and 45 million euros, in 2025 it is expected that more than 40 percent will increase. The goal for this year: more than 1250 engines produced.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
