- Business
- Phoenix Mecano AG manufactures and markets enclosure systems, industrial components, and drive technologies for industrial and healthcare applications. The company operates through three main divisions: Enclosure Systems, which produces protective enclosures for electronics and electrics from materials including aluminum, stainless steel, plastics, and glass-fibre reinforced polyester, along with human-machine interface solutions such as panel PCs, industrial monitors, membrane keypads, short-stroke keys, and touchscreens, plus system integration, toolmaking, plastic injection moulding, and aluminum die casting; Industrial Components, which provides modular automation solutions encompassing aluminum profiles, pipe connection systems, conveyor components, linear drives, electric cylinders, lifting columns, and fittings for machine construction; and DewertOkin Technology Group, which develops drive systems, mechanisms, and linear actuators for electrically adjustable comfort furniture including office seating, hospital beds, and home care applications. Phoenix Mecano serves sectors such as mechanical engineering, measurement and control technology, medical technology, aerospace, alternative energy, and hospital care, targeting professional industrial customers worldwide with niche products and system solutions. Founded in 1975 and headquartered in Stein am Rhein, Switzerland, the company maintains production sites and development centers in Germany, Hungary, Tunisia, India, and China, with a presence across all six economically relevant continents and approximately 7,000 employees generating sales of EUR 779.5 million in 2024. In recent developments, Phoenix Mecano completed relocation of production to its new industrial complex in Jiaxing, China, in late 2022; converted its bearer shares to registered shares (ticker PMN.SW) following a 2023 shareholder decision; and continues its share buy-back program launched in November 2023, while reporting a solid 2024 performance and successful start to 2025 amid economic recovery signs in Europe.