The outlook for Harting’s Canada and the US sales in fiscal 2015 is bright, he told trade media representatives gathered at Toronto’s Evergreen Brick Works. Key indicators suggest an acceleration of U.S. GDP growth to the 3.0-3.5 percent range. “Strong U.S. demand and the Canadian weaker dollar benefits manufacturers in Quebec and Ontario – our largest markets. We expect that to translate into increasing sales for our modular connectivity products in particular, as well as custom solutions like our North American-made backplanes and cable harnesses.”
The company’s Canadian revenues increased by 40 per cent to almost C$5m in Harting’s fiscal 2014 when ended last September 30. “Our Canadian revenues grew at almost double the pace of our U.S. revenues, albeit from a much smaller base,” said DeSouza, flanked by the Harting sales and sales support team for Canada. “It’s hugely gratifying for us to see such continuing success three years after we launched Harting Canada to give the company a full-time direct presence here.”
Harting Canada’s strongest products segments in fiscal 2014 included Han modular connectors – its signature product segment – DC2 connectors like the PushPull lineup, and custom backplane manufacturing. Top market segments include broadcasting, machinery and transportation. In transportation, Harting connectors are being used in new Toronto subway cars and trolleys being built by Bombardier in Thunder Bay, ON.
For more information, visit www.harting.ca.
Video: Harting's Canadian revenue growth at double digits
Harting Canada continues to experience double digit annual revenue growth, a trend which shows no sign of abating, says Jon DeSouza, president and CEO of Harting Canada and Harting North America.