Barmag
| Oerlikon Barmag | |
|---|---|
| legal form | branch |
| founding | 1922 |
| Seat | Remscheid , Germany |
| management | Georg Stausberg |
| Number of employees | 2500 |
| Branch | mechanical engineering |
| Website | oerlikon.com: Oerlikon Manmade Fibers |
Oerlikon Barmag (formerly Barmag , for Barmer Maschinenfabrik Aktiengesellschaft ) is a Remscheid- based branch of Oerlikon Textile GmbH & Co. KG and thus part of the Swiss OC Oerlikon Group. Barmag claims to be the world market leader in the field of spinning systems for nylon, polyester and polypropylene as well as texturing machines.
history
founding
The history of Oerlikon Barmag begins on March 27, 1922, when the Vereinigte Glanzstoff-Fabriken AG and the NV Nederlandse Kunstzijde Unie Enka founded the “Barmer Maschinenfabrik Aktiengesellschaft” in Barmen (in what is now Wuppertal ). The company's goal was to design and build machines for the rapidly growing man-made fiber industry as a house machine factory for the “Glanzstoff”. Barmag was one of the first machine factories in the world to develop its own machine designs for the young man-made fiber industry. In 1927, the headquarters were relocated to Lennep.
The company's production program initially essentially comprised spinning machines and spinning pumps for viscose silk and for copper silk, followed by twisting machines, reel machines and winding machines as well as one of the first two-for-one twisting machines for rayon tire cord. The principle of making two turns in the thread with one spindle revolution had been known since the middle of the last century, but it was only with the invention of the storage disk patented by Barmag in 1930 that two-for-one twisting machines became industrially applicable.
IPO
In 1990, the Frankfurt-based industrial holding company for industry and transport (AGIV) acquired a package of around 85 percent from the Dutch chemical company Akzo . However, AGIV decided to reduce its Barmag stake to 55 percent. In July 1991, around a quarter of the share capital was placed in an IPO on the German stock exchanges in Frankfurt and Düsseldorf.
In 1991, Barmag had become the world's leading manufacturer of synthetic yarn spinning and texturing machines with an average market share of more than 50 percent. The textile machinery sector accounted for three quarters of Barmag's total sales this year. In 1992 Barmag passed the DM 1 billion mark in sales for the first time. However, there were also signs of less dynamic growth on the horizon. Synthetic yarn manufacturers have become more cautious with their new investments. The competition was increasingly focused on price. In the growth markets of Korea and Taiwan, Japanese competitors cut their prices by no less than 20 percent.
Barmag spun thread
In 1991 Barmag took over the former GDR-Spinn- und Zwirnerei Maschinenbau GmbH in Chemnitz (renamed Barmag-Spinnzwirn GmbH). The origin of the Barmag spun thread in Chemnitz goes back to the company founded by the brothers Carl and Anton Hamel in Chemnitz in 1866. The Hamel company developed into a well-known textile machine manufacturer in the Chemnitz textile machine industry. The world's first twisting machine for rayon filaments was developed and produced here. After the Second World War, the company was expropriated. Until German reunification, the company belonged to the Textima textile machine construction combine as VEB Spinning and Twisting Machine Construction .
Losses and changes in shareholders
Due to the unfavorable market conditions, Barmag sold its hydraulic division in 1995 in order to concentrate on its core business; the year closed in the red with DM 105 million. A severe restructuring program of the production areas including a reduction of the workforce by around 1100 employees was started in 1996. The 1996 year-end results then showed initial success. While sales fell by around 30 percent, losses were reduced by 75 percent to DM 25 million. 1996 was also a year of losses and the company further reduced the number of employees from 3,486 in 1996 to 2,730 in 1999.
In August 1998, AGIV increased its stake in Barmag by 19 percent through the acquisition of shares in the Allianz Group to 75 percent. But only one year later, in October 1999, AGIV announced that it wanted to sell its Barmag stake. A little later, the Swiss Saurer AG , the world's largest manufacturer of textile machines, announced that it had acquired AGIV's 75 percent share for DM 318 million.
Oerlikon
Saurer increased its stake to 95% in 2001 and took the company off the stock exchange in 2003 with a squeeze-out . From November 2003 Barmag became a branch of Saurer GmbH & Co. KG. At the beginning of 2007, the Swiss technology group OC Oerlikon took over the Saurer Group. The Oerlikon Group, including the former Saurer business areas, will in future consist of five segments. Saurer's textile division becomes the Oerlikon Textile segment, Barmag became Oerlikon Barmag and forms one of the five business divisions in the textile segment.
In May 2018, Oerlikon announced the sale of the Chemnitz part of the company to the Austrian Starlinger Group . The takeover was completed in October 2018; The Chemnitzer Oerlikon Barmag Spinnzwirn became the company STC Spinnzwirn GmbH (Starlinger Textilmaschinen Chemnitz).
Web links
Individual evidence
- ↑ oerlikon.com
- ↑ oerlikon.com: Oerlikon sells ribbon and monofilament technologies to Starlinger
- ↑ wien.wirtschaftszeit.at: Successful acquisition of STC Spinnzwirn in the Starliner Group
- ↑ stc-spinnzwirn.com history
Coordinates: 51 ° 10 ′ 55 ″ N , 7 ° 15 ′ 32 ″ E