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Strategy and outlook
Eltek Valere will continue to build on its positon as a global market leader within telecom power, and intends to further develop its business and offering within the industrial and renewable energy segments.While demand visibility is still low and the effects of the financial crisis are still felt around the world, the global economy seems to be coming out of recession and entering a more stable phase. On this basis, Eltek Valere expects the telecom power market to be flat in 2010. Eltek Valere will continue to build on the strengths of its global market position, organization and product line. The leadership in high efficiency products and solutions constitutes a competitive advantage
Following a year of product development and organizational build-up, Eltek Valere is ready to leverage a stronger offering within industrial power solutions, with a particular focus on the power generation, railway and maritime sectors.
Eltek Valere is also venturing in to the renewable energy sector with its solar power inverters and chargers for electrical vehicles.
Operational excellence, cost control and cash conservation will remain key focus areas going forward. The company also remains committed to the six overriding strategies that have guided the company’s development since the turn of the century: Strong focus on R&D, continuous quest for cost-efficiency, aggressive sales, strategic partnerships with OEMs, geographic expansion and a sharp quality focus.
Copyright 2010 Eltek ASA • Date: 2010.9.4 • Disclaimer • Phone +47 32 20 32 00 eltek@eltek.com