Tag Archive | "liqui moly"

‘MAJOR DIFFICULTIES WITH SOFTWARE’ BLAMED FOR POOR RESULTS AT LIQUI MOLY

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‘MAJOR DIFFICULTIES WITH SOFTWARE’ BLAMED FOR POOR RESULTS AT LIQUI MOLY


The introduction of new company software has been blamed for mixed half-year results at lubricant manufacturer Liqui Moly.

Problems with the suite have had a ‘direct impact on business relations’  according to the company, leaving customers frustrated.  “In my entire professional career, I have not had to apologize so often to customers, as I have had to in the last six months. The level of service that we are currently delivering really pains me,” says Ernst Prost. The company is also incurring considerable extra costs, for example, because containers can only be half filled, delivery vehicles have to wait longer than planned to be loaded, or air freight needs to be used when items that are needed urgently do not arrive by ship in time. “It’s not our customers’ fault that we are having problems, so we are doing everything we can to minimize the impact on them and to bear any additional costs.” These expenses are not the whole story either. “In addition to the huge cost of having the software installed, every day produces new things to trouble shoot and problems to solve.”

READ: LIQUI MOLY ACQUIRED BY WURTH GROUP

All of this has left significant tracks in the company’s figures. Compared to the first half of 2018, turnover has fallen slightly by 0.8 percent to € 259.6 million, and this is only because the high backlog of orders cannot be fully processed due to the computer problems. Earnings for the half-year fell by around 30 percent to € 11 million. “I never would have thought that in 2019 a change of software could send a whole company skidding off the road” concluded Prost.

The company hopes to have the computer problems under control, and a new central warehouse in action, ‘by the end of the year at the latest’.

Software causes production delays at plant

 

 

 

 

Posted in Factor & Supplier News, Garage News, Latest News, NewsComments (0)

AUTOMECHANIKA B’HAM LAUNCHES SHOW PREVIEW

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AUTOMECHANIKA B’HAM LAUNCHES SHOW PREVIEW


PROMOTION ARTICLE ON BEHALF OF AUTOMECHANIKA BIRMINGHAM

Automechanika Birmingham Event Preview – packed with reasons to attend.

Automechanika Birmingham, leading exhibition for the UK’s automotive industry has launched its Event Preview  PACKED with reasons why you need to attend this year’s event.

Whatever your role in the aftermarket, the event answers your critical questions…

o How will the EU changes impact the future of the MOT?
o What’s the latest technology updates for Diagnostics, ADAS calibration and hybrid vehicles?
o What effect will connectivity & electrification have on the industry?
o How will I meet new suppliers and get better deals from existing ones?

Whatever your questions, answers are guaranteed at Automechanika Birmingham, taking place on 5-7 June, NEC, Birmingham.

Over 500 exhibitors include;
Delphi, HELLA, Liqui Moly, MANN + HUMMEL, Bosch UK, TEXA, Draper Tools, DURA, ITW, ISN, Certas Energy, Snap On, Milwaukee Tools, AA garage guide, Toyota First, Mec-Diesel, EFI Automotive Service, Ceramex, GSF Car Parts, Premier Components UK Ltd, Mac Tools (Stanley Black & Decker), Wurth Electronics, Stanners Equipment, Road Runner, Motor Trade Insurance, EDT Automotive and others.

Don’t forget late night opening Wednesday 6 June in the Garage Quarter, provides a perfect place to reconnect with your garage customers and maximise meetings with suppliers.

Arrive before 10am and receive a free hot drink and pastry sponsored by Valeo & Castrol UK.

Time’s ticking but don’t panic, you can still register free. Why not invite your colleagues too?

Posted in Featured Sidebar, Industry InsightComments (0)

LIQUI MOLY ACQUIRED BY WÜRTH GROUP

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LIQUI MOLY ACQUIRED BY WÜRTH GROUP


A deal has been struck by German lube producer Würth Group to acquire Liqui Moly.

Würth Group has owned shares in the Ulm-based company for some years. Now, Managing Partner Ernst Prost has agreed to sell his controlling share in the company, effective January 1s subject to the usual regulatory approvals.  

Following the sale, Würth has said that Liqui Moly will continue to operate as an autonomous company with an independent brand in the Group. Prost will remain with Liqui Moly as joint MD, sharing the role with the firm’s long-standing Head of Sales, Günter Hiermaier.

Liqui Moly has sponsored Team Engstler for years

Peter Zürn, Deputy Chairman of the Central Managing Board of the Würth Group said: “We are proud that this successful and established brand, which is known for its outstanding reputation and great dynamics, will enrich the portfolio of the Würth Group. Our objective is the sustained successful development of Liqui Moly in the future. This is why we will continue to put our faith in the entrepreneurial expertise of Ernst Prost, just as we have done in the past 20 years as a silent partner at Liqui Moly”.

From Prost’s perspective it will be business as usual: “Those who know me know that my employees are my focus,” he said. “After all, it would be foolish to change anything about the road to success over the past few years. Everything will continue just as before – just under a bigger roof that offers greater protection.

In fiscal year 2016, Liqui Moly generated sales of approximately EUR 500 million with 800 employees.

Posted in Factor & Supplier News, Garage News, Latest News, latest news, News, Retailer News, special newsComments (0)

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