GINDUMAC achieves all-time high in FY22 despite global challenges

GINDUMAC, a pioneer in the transactional platform business for used machinery, has achieved new all-time high in the fiscal year 2022. Despite global challenges, the company increased its planned transaction volume by over 50% again.

In 2022, the global market for used metal, sheet metal, and plastic processing machinery was influenced by a variety of external factors. Continuing high delivery times for new machinery led to an increase in demand for immediately available used machinery.

At the same time, manufacturing companies, due to the strained economic situation, increasingly postponed investment decisions. The supply of high-demand used machinery decreased compared to the previous year.

The economic impact of the Russia war and the closure of the lucrative Russian market presented additional challenges for used machinery dealers.

GINDUMAC Co-CEOs, Benedikt Ruf (left) and Daniel Kaiser (right).

“We continue to be on a record-breaking course, driven above all by our continuous hands-on mentality with a focus on customer orientation, brand visibility, and process optimization. Our global orientation, strong customer base, and platform model give us maximum adaptability, which is a strong competitive advantage in both headwinds and tailwinds. That is why we were able to grow significantly again in 2022,” explained Benedikt Ruf, Co-CEO of GINDUMAC.

The company has repositioned itself for the current fiscal year. With the recent appointment of Daniel Kaiser as Co-CEO, the company has set the course for new growth targets.

“In 2023, we will strategically expand our position as a pioneer in the industry with a consistent strategy and high agility. We will focus on business development in our core markets in the DACH and EMEA regions. We will tap unused growth potential in France, Italy, and the UK. Our trade representative, partner, and key account network will double this year,” said Kaiser.