ElringKlinger

ElringKlinger AG
legal form	Corporation
ISIN	DE0007856023
founding	1879
Seat	Dettingen an der Erms , Germany;
management	Stefan Wolf, CEO
Number of employees	10,429
sales	1.699 billion euros (2018)
Branch	Automotive supplier
Website	www.elringklinger.de
	As of December 31, 2018

The ElringKlinger AG is a German company with headquarters in Baden-Württemberg Dettingen an der Erms , who as automotive supplier operates. As of December 31, 2018, the ElringKlinger Group comprised 39 fully consolidated subsidiaries in addition to the parent company.

The company offers solutions for combustion engines as well as hybrid or electric drives. The products include cylinder head and special gaskets , lightweight plastic components and shielding parts for the engine , transmission , exhaust system and underbody. The electromobility division offers components and systems for fuel cell and battery technology. The portfolio is supplemented by products made from the high-performance plastic PTFE - also for sectors outside of the automotive industry. The company is also the world market leader in the cylinder-head gasket segment.

About 90 percent of the annual turnover of 1.7 billion euros depends on diesel and gasoline engines.

history

In 1879 Paul Lechler founded a trading company for seals and technical products in Stuttgart. The company began producing seals itself in 1914. In 1964 and 1965 the headquarters were relocated to Dettingen an der Erms. Richard Klinger founded a construction workshop in Vienna as early as 1885 and also manufactured cylinder head gaskets from 1930 onwards.

In 1971 the company began its internationalization with an initial investment in Spain. In the following year the production sites in Bietigheim-Bissingen and Langenzenn were founded.

In 1994 arose from the automotive sector of Richard Klinger GmbH and the Elring GmbH , the ElringKlinger GmbH , based in Dettingen. On October 30, 2000, ElringKlinger GmbH merged with the parent company ZWL Grundbesitz- und Beteiligungs-AG and was henceforth called ElringKlinger AG . The ElringKlinger AG is listed on the since January 21, 2002 Frankfurt and Stuttgart stock exchanges. On November 13, 2003, ElringKlinger was admitted to the SDAX and on March 4, 2009 to the MDAX . At the meeting on March 3, 2016, Deutsche Börse decided on changes in the composition of its share indices that ElringKlinger AG shares will be included in the SDAX again with effect from March 21, 2016, from which it will be withdrawn on September 24, 2018.

On October 27, 2009, ElringKlinger acquired the automotive supplier Ompaş based in Bursa , Turkey, in order to enter the Turkish market.

On May 11, 2011, the Swiss-based exhaust specialist Hug Gruppe was acquired. On September 12, 2011, ElringKlinger AG acquired 90 percent of the mold and tool maker Hummel-Formen from Lenningen . Hug was sold to Faurecia in 2018 .

On January 3, 2012, ElringKlinger bought the metal housing manufacturer ThaWa GmbH, based in Thale , Saxony-Anhalt . The Japanese joint venture ElringKlinger Marusan Corporation with its subsidiaries was fully consolidated as of December 31, 2013 based on a contractual agreement on the exercise of control.

In July 2014 ElringKlinger AG took over 75 percent of new enerday GmbH, based in Neubrandenburg, Germany. In October 2014 ElringKlinger Kunststofftechnik GmbH took over all shares in Polytetra GmbH, which processes fluoropolymers and classic high-performance plastics.

In February 2015, ElringKlinger bought the US automotive supplier M&W Manufacturing Co. (Michigan), thereby significantly expanding its market position for transmission control plates for automatic transmissions in North America and worldwide.

In October 2016, ElringKlinger entered into a strategic partnership with the engineering company hofer AG and also took a 53 percent stake in the subsidiary hofer powertrain products GmbH . By acquiring the stake, ElringKlinger benefited from the innovative strength of the developer of powertrain systems in the development and manufacture of alternative drive technologies for hybrid or all-electric vehicles.

On May 9, 2018, the German start-up Sono Motors announced the award of a major order for the development and manufacture of a battery system for the announced Sion solar vehicle . The total volume amounts to several hundred million euros over a term of eight years.

Business areas

ElringKlinger is present with its spare parts in more than 140 countries. The company employs over 10,231 people at 45 locations worldwide.

The group is active in the following business areas:

Cylinder head gaskets
Sealing systems
Plastic modules and lightweight plastic components
Acoustic and thermal shielding parts
spare Parts
Battery technology
PEM fuel cells
Electric Drive Unit
PTFE components
Engine development services
Tool technology

Companies of the ElringKlinger Group

National

100% remembrance foundation of Karl Müller Workers Aid GmbH
92.86% Elring Klinger Motortechnik GmbH
96% ElringKlinger Logistic Service GmbH
77.5% ElringKlinger Kunststofftechnik GmbH
77.5% Polytetra GmbH / DE (100% subsidiary of ElringKlinger Kunststofftechnik)
100% KOCHWERK Catering GmbH
28.89% hofer AG
53% hofer powertrain products GmbH / DE (subsidiary of hofer AG)

International

100% ElringKlinger Abschirmtechnik (Schweiz) AG Switzerland
100% Elring Klinger (Great Britain) Ltd. United Kingdom
100% Elring Parts Ltd. United Kingdom
100% ElringKlinger Italia Srl Italy
100% ElringKlinger Meillor SAS France
100% HURO Supermold SRL Romania
100% Technik-Park Heliport Kft. Hungary
100% ElringKlinger Hungary Kft. Hungary
100% Elring Klinger, SAU Spain
100% ElringKlinger TR Otomotiv Sanayi ve Ticaret A.Ş. Turkey
100% ElringKlinger Fuelcell Systems Austria GmbH Austria
100% ElringKlinger Canada, Inc. Canada
100% ElringKlinger Manufacturing Indiana, Inc. United States
100% ElringKlinger Automotive Manufacturing, Inc. United States
100% ElringKlinger Silicon Valley, Inc. United States
100% ElringKlinger USA, Inc. United States
100% Elring Klinger México, SA de CV Mexico
100% EKASER, SA de CV Mexico
100% Elring Klinger do Brasil Ltda. Brazil
100% Elring Klinger South Africa (Pty) Ltd. South Africa
100% ElringKlinger Automotive Components (India) Pvt. Ltd.India
100% ElringKlinger China, Ltd. China People's Republic
100% ElringKlinger Chongqing Ltd. China People's Republic
77.5% ElringKlinger Engineered Plastics (Qingdao) Commercial Co. / CN (100% subsidiary of ElringKlinger Kunststofftechnik) China People's Republic
77.5% ElringKlinger Engineered Plastics North America, Inc. / US (100% subsidiary of ElringKlinger Kunststofftechnik) United States
100% ElringKlinger Korea Korea South
100% Taiyo Jushi Kakoh Co., Ltd. / JP (subsidiary of ElringKlinger Marusan Corporation)Japan
50% PT. ElringKlinger Indonesia / ID (100% subsidiary of ElringKlinger Marusan Corporation)Indonesia
50% ElringKlinger (Thailand) Co., Ltd. / TH (100% subsidiary of ElringKlinger Marusan Corporation)Thailand
88% Changchun ElringKlinger Ltd. China People's Republic
53% hofer powertrain products UK Ltd. / UK (subsidiary of hofer AG)United Kingdom
50% ElringKlinger Marusan Corporation Japan
46.9% Marusan Kogyo Co., Ltd. Japan

Board

The board consists of four members:

Stefan Wolf (Chairman and CEO of ElringKlinger AG)
Theo Becker (Chief Technology Officer)
Thomas Jessulat (Chief Financial Officer)
Reiner Drews (Chief Production Officer)

Web links

Individual evidence

↑ ^a ^b ^c ^d ^e ^f Annual Report 2018. Accessed March 28, 2019 .
↑ Florian Langenscheidt , Bernd Venohr (Hrsg.): Lexicon of German world market leaders. The premier class of German companies in words and pictures . German Standards Editions, Cologne 2010, ISBN 978-3-86936-221-2 .
↑ Ullrich Fichtner, Simon Hage, Martin Hesse, Gerald Traufetter, Bernhard Zand: Engine damage . In: Der Spiegel . No. 44 , 2019, pp. 10–22 ( online - October 26, 2019 ).
↑ ^a ^b ^c ^d elringklinger.de: The company history
↑ Christian Kirchner: DAX newcomers hardly benefit. ( Memento of 31 July 2012 in the Web archive archive.today ) In: FTD.de . March 5, 2009.
↑ Annual Report 2015. Accessed April 13, 2016 .
↑ Changes in the indices ( English , PDF) Deutsche Börse . September 5, 2018. Archived from the original on September 6, 2018. Retrieved September 5, 2018.
↑ ElringKlinger Group buys production facility in Turkey. Retrieved November 15, 2017 .
↑ Faurecia: Faurecia takes over Hug Engineering and becomes a leader in emission control systems for high-performance engines , accessed on September 6, 2018
↑ ElringKlinger is setting the course for the mobility of the future. Retrieved November 15, 2017 .
↑ Sono Sion: major battery order goes to ElringKlinger - ecomento.de . In: ecomento.de . May 9, 2018 ( ecomento.de [accessed May 9, 2018]).
↑ elringklinger.de: ElringKlinger Management Board

[GB2018-1] ↑ ^a ^b ^c ^d ^e ^f Annual Report 2018. Accessed March 28, 2019 .

[2] Florian Langenscheidt , Bernd Venohr (Hrsg.): Lexicon of German world market leaders. The premier class of German companies in words and pictures . German Standards Editions, Cologne 2010, ISBN 978-3-86936-221-2 .

[spiegel-2019-44-10-3] Ullrich Fichtner, Simon Hage, Martin Hesse, Gerald Traufetter, Bernhard Zand: Engine damage . In: Der Spiegel . No. 44 , 2019, pp. 10–22 ( online - October 26, 2019 ).

[:0-4] ringklinger.de: The company history

[5] Christian Kirchner: DAX newcomers hardly benefit. ( Memento of 31 July 2012 in the Web archive archive.today ) In: FTD.de . March 5, 2009.

[6] Annual Report 2015. Accessed April 13, 2016 .

[7] Changes in the indices ( English , PDF) Deutsche Börse . September 5, 2018. Archived from the original on September 6, 2018. Retrieved September 5, 2018.

[8] ElringKlinger Group buys production facility in Turkey. Retrieved November 15, 2017 .

[9] Faurecia: Faurecia takes over Hug Engineering and becomes a leader in emission control systems for high-performance engines , accessed on September 6, 2018

[10] ElringKlinger is setting the course for the mobility of the future. Retrieved November 15, 2017 .

[11] Sono Sion: major battery order goes to ElringKlinger - ecomento.de . In: ecomento.de . May 9, 2018 ( ecomento.de [accessed May 9, 2018]).

[12] ringklinger.de: ElringKlinger Management Board