CEO of the KOMET Group, Dr.-Ing. Christof Bönsch completed his degree and then doctorate in Mechanical Engineering at RWTH Aachen University. During this time he also worked for the Fraunhofer Institute for several years. Over the following years he managed a number of companies in the electrical engineering sector and the automotive supplies industry, including working in the United States and Luxembourg.
He became managing director of the KOMET Group in 2007 and is head of the technology and sales departments.
Dr. Bönsch sits on the Board of Directors for the Precision Tools Association within the VDMA (German Engineering Federation) and on the Advisory Board for the Production and Logistics degree course at Heilbronn University.
He also serves on the Board of Trustees for the GFE Schmalkalden (German Manufacturing Technology and Development Association) and on the Board of Trustees for the Baden-Württemberg branch of the Stifterverband für die Deutsche Wissenschaft e.V (Founders’ Association for the Promotion of Science and Humanities in Germany).
Leaving The Comfort Zone – Ready For International Take-Off
KOMET GROUP is a manufacturer of precision cutting tools and has a successful history of more than 90 years. As a typical representative of the German Mittelstand, KOMET is serving customers in a highly international environment. While this was historically done in a classical “distribution approach”, KOMET has decided to develop into a global company with local competence and value add in all important markets.
Consequently the number of subsidiaries has grown to 20 companies including six manufacturing plants outside Germany.
The presentation will describe the strategic approach, the implementation process but also the challenges that go along with internationalisation. Corporate culture, employee qualification programs, technology transfer and increased complexity in virtually every process are some of the challenges to be addressed.
The business aspect and financial implications will also be summarised together with an overview of important lessons learned.