Reinhold Würth: “We Are Creating Jobs in the U.S.”

Germany’s Würth Group began in international trade in 1962 by opening a branch in the Netherlands.  Today Würth operates in 80 countries.

Speaking on a video for the 2017 joint meeting of the National Fastener Distributors Association and the Pacific-West Fastener Association, Reinhold Würth reported U.S. sales were up 16.8% for 2016 to US$1.7 billion.  

Würth’s Northeast Distribution Center in Ramsey, NJ

The Würth Group has acquired 28 companies in the U.S.

“We are not taking jobs away from the U.S., we’re creating jobs in the U.S.,” the 81-year-old Würth declared.

Adolf Würth founded the screw company in 1945.  At age 19, Reinhold Würth took over when his father died in 1954.

Today he is ranked among the world’s richest people with a net worth projected at US$6 billion.

Würth finds that 70% of the company’s success is based on quality rather than price.   

He credits the company culture of working together and management appreciating employees for Würth Group success.  Würth said he signs commendation letters personally vs. using a signing machine.  Web: wurth.com

For more on Reinhold Würth see the Fastener History section of GlobalFastenerNews.com:

1997 FIN – Global Giant Würth Reentering North American Market

1999 FIN – Reinhold Würth to NFDA: Future Belongs to the ‘Quick Ones’