Manufacturing Magazine April 2024 | Page 44

05 PHILIPS
TOP 10

05 PHILIPS

REVENUE : € 17BN ( US $ 18BN ) EMPLOYEES : 74,451 CEO : ROY JAKOBS FOUNDED : 1891
Philips is a healthcare technology company which aims to improve 2.5bn lives each year by 2030 , by investing in people ’ s health and wellbeing . The company manufactures items such as medical imaging equipment , household appliances , lighting and telecommunications equipment . In its Eco Design process , Philips applies Life Cycle Analysis , which allows the company to examine the environmental impact of a product at each stage of its life – from raw material extraction through manufacturing , to distribution , use and maintenance , then finally , disposal or recycling .
44 April 2024