Company history

The company was created in 1999 from Siemens Matsushita Components, which was a joint venture

Joint venture

A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...

 of Siemens AG

Siemens AG

Siemens AG is a German multinational conglomerate company headquartered in Munich, Germany. It is the largest Europe-based electronics and electrical engineering company....

 and Matsushita in 1989. The stock opened on 15 October 1999 at the same time in Frankfurt and New York, with Siemens and Matsushita holding interests of 12.5% each. In 2006 Siemens sold its shares of Epcos. In October 2006 Matsushita also sold its holdings. TDK Corporation

TDK

, formerly , is a Japanese company which manufactures electronic materials, electronic components, and recording and data-storage media, and markets them globally. Their motto is "Contribute to culture and industry through creativity"...

 agreed to acquire a controlling stake in the company on 31 July 2008.
After complete acquisation of EPCOS by TDK on October 1, 2009 the TDK-EPC cooperation with about 36.000 employees (worldwide) was founded in Japan.

Market position

Epcos is one of the worldwide largest manufacturers of electronic components and systems. The company's portfolio includes capacitors, ceramic components, EMC filters, inductors, non-linear resistors, RF modules, surface acoustic wave components, surge arresters and ferrites

Ferrite (magnet)

Ferrites are chemical compounds consisting of ceramic materials with iron oxide as their principal component. Many of them are magnetic materials and they are used to make permanent magnets, ferrite cores for transformers, and in various other applications.Many ferrites are spinels with the...

.

In fiscal 2007 Epcos posted sales of €1.44 billion and a profit of €64 million. The breakdown of sales according to industries served in fiscal 2007 was: automotive electronics 29%, information and communications technology 22%, industry electronics 22%, consumer electronics 12%, and distribution 15%.

Epcos runs manufacturing and development facilities in Europe, North and South America, and Asia. The portion of workers in low-wage countries was approx. 70% in 2004. Further relocations of jobs and business activities were announced in 2004. In 2007, 56% of the company's 18,300 employees worked in Asia, 24% in Europe excluding Germany, 10% in Germany

Germany

Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

, and 10% in North and South America.

Locations

In Germany Epcos has production location in Heidenheim (capacitors, inductors and ferrites), Berlin

Berlin

Berlin is the capital city of Germany and is one of the 16 states of Germany. With a population of 3.45 million people, Berlin is Germany's largest city. It is the second most populous city proper and the seventh most populous urban area in the European Union...

 (ceramic components), and Munich

Munich

Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...

 (SAW components). Worldwide Epcos operates production facilities in Brazil (Gravatai

Gravataí

Gravataí is a Brazilian city near Porto Alegre at the Rio Grande do Sul State...

), Spain (Malaga

Málaga

Málaga is a city and a municipality in the Autonomous Community of Andalusia, Spain. With a population of 568,507 in 2010, it is the second most populous city of Andalusia and the sixth largest in Spain. This is the southernmost large city in Europe...

), India (Nashik, Kalyani

Kalyani, West Bengal

Kalyani is a city and a municipality in Nadia district in the Indian state of West Bengal. It is a part of the area covered by Kolkata Metropolitan Development Authority....

), Hungary (Szombathely

Szombathely

Szombathely is the 10th largest city in Hungary. It is the administrative centre of Vas county in the west of the country, located near the border with Austria...

), Austria (Deutschlandsberg

Deutschlandsberg

Deutschlandsberg is a town in Deutschlandsberg district of Styria, Austria. It covers an area of 24 km² and has a population of 7,983. It is located in southern Austria, near Slovenia and is approx. 35 km from Graz. Popular tourist attractions in that area include the Deutschlandsberg...

), USA (Palo Alto), Czech Republic (Sumperk

Šumperk

Šumperk is a town and district in the Olomouc Region of the Czech Republic. It is called "The Gate to Jeseníky mountains."- History :Šumperk was founded by German colonists in 1269. The German name Schönberg means "beautiful hill", and the name Šumperk is a Czech garbling of the original German...

), Malaysia, Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

 and China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

.