Ferrostaal
| Ferrostaal GmbH
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|---|---|
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| legal form | Company with limited liability |
| founding | 1920 |
| Seat | Essen , Germany |
| management | John Benjamin Schroeder, Klaus Lesker, Joachim Ludwig |
| Number of employees | 3,637 (2013) |
| sales | 0.83 billion euros (2013) |
| Branch | Industrial services (large plants and machines) |
| Website | www.ferrostaal.com |
The Ferrostaal GmbH is a German industrial services company based in Essen . Ferrostaal has been owned by MPC Industries GmbH since March 2012 .
In 2013 the Ferrostaal Group generated sales of almost 0.9 billion euros and employed around 3,600 people at over 50 locations worldwide.
history
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Ferrostaal was founded in 1920 as Ferrostaal NV in The Hague in the Netherlands . The company was active in the steel trade. In 1921 the Oberhausener Gutehoffnungshütte Aktienverein (GHH) , a predecessor company of MAN , acquired a stake in Ferrostaal, in 1926 the company was completely taken over and continued as a trading company of Gutehoffnungshütte as Ferrostaal AG , based in Essen. In the period that followed, the company expanded abroad, increasingly to South America . After being destroyed in the Second World War , the company was quickly rebuilt and from the 1950s onwards was active in the steel and machine trade worldwide. Ferrostaal has also been active in plant engineering since the 1960s and in 1964 had sales of almost DM 1 billion .
In 1990 Ferrostaal acquired the state-owned armaments holding Deutsche Industrieanlagen GmbH and its subsidiary Fritz Werner Industrie-Ausätze GmbH in Geisenheim . After the entry of Ferrostaal, the military activities in the DIAG Group were increasingly scaled back and instead an expansion of the civil plant construction business was carried out, primarily in the Arab region and the Middle East. In 1997 the oil and gas assembly business was transferred from the sister company MAN-GHH to the newly founded Ferrostaal subsidiary MAN GHH Öl- und Gas GmbH ; this was merged with Fritz Werner at the beginning of 2002. The new Geisenheim-based company Ferrostaal Industrieanlagen GmbH thus bundles the assembly business in the oil and gas sector with classic plant construction projects in North Africa, Asia and, more recently, Latin America.
In order to expand and deepen the plant construction division, Ferrostaal acquired the Saarland assembly and steel construction company DSD Dillinger Stahlbau GmbH with 6000 employees and numerous domestic and foreign investments. In the years before the acquisition, Ferrostaal had already carried out larger joint projects (e.g. in Venezuela and Nigeria ) with DSD. Larger synergy effects could be realized especially in power plant construction; this area was transferred from DSD to Ferrostaal Industrial Projects GmbH in 2006 . Activities in the air technology and nuclear sectors also developed very positively; these have been bundled in Ferrostaal Air Technology since 2007 . In contrast, the other DSD business areas (steel construction, industrial assembly, parking garage construction) were gradually sold to medium-sized investors from 2004 onwards.
Ferrostaal's entry into the supplier and component manufacturing business for the automotive industry was particularly successful . This business was originally developed by DSD in Saarlouis , operated as a joint venture between DSD and Ferrostaal AG from 1988 to 1997 and bundled in 1997 in Ferrostaal Industrie- und Systemlogistik GmbH (today: Ferrostaal Automotive ). The automotive sector currently has larger logistics and assembly locations in Germany, Belgium and Poland .
In contrast, Ferrostaal has given up its traditional steel trading business in several steps. The domestic steel division was sold to the Duisburg steel dealer Klöckner & Co at the end of 1994 . The reinforcing steel laying business was initially continued (including with prestigious projects such as the CentrO in Oberhausen and the Sony Center in Berlin); At the end of 2000, however, Ferrostaal transferred this business area to the Dutch company Holterman BV . Finally, international steel trading was brought into the joint venture company Coutinho & Ferrostaal based in Hamburg in 2007 and sold to the Mexican co-partner Villacero in 2012.
Ferrostaal has retained the pipe trade, which is part of Ferrostaal Piping Supply GmbH and various foreign subsidiaries. The Ferrostaal Piping Group acts as a global supplier to the petrochemical industry, especially for products in pipeline construction.
Since 2006, the Ferrostaal Group has succeeded in expanding its plant construction business to include renewable energies (solar, biofuels, wind) in addition to the petrochemicals division (methanol and ammonia plants) that has been successful for some time . Several biodiesel plants (Poland, Netherlands), wind parks (Uruguay) and solar thermal power plants (Andasol / Spain) have been implemented in recent years , the latter in cooperation with Solar Millennium AG .
In January 2009 MAN sold 70% of the Ferrostaal shares to the International Petroleum Investment Company (IPIC) from Abu Dhabi . On November 27, 2009, MAN Ferrostaal Aktiengesellschaft was renamed Ferrostaal AG . The remaining 30% of the capital in Ferrostaal should be taken over by IPIC at the end of 2010; however, IPIC refused to purchase the remaining shares because of the corruption investigation against Ferrostaal that began in mid-2009. In October 2010, IPIC initiated arbitration proceedings with the declared aim of reversing the Ferrostaal purchase and of being compensated by MAN for losses incurred as a result of the corruption affair. On November 28, 2011, MAN agreed to take over the 70% stake held by IPIC for a (re-) purchase price of EUR 350 million.
In March 2012, the complete sale to the Hamburg trading company MPC Münchmeyer Petersen & Co. for 160 million euros took place. Thus, Ferrostaal now 100% owned by the MPC Industries GmbH , a sister company of MPC Münchmeyer Petersen & Co . As part of the acquisition Ferrostaal was in the new Ferrostaal GmbH converted .
Corruption affair
The Munich public prosecutor's office began investigating employees, including ex-CEO Matthias Mitscherlich, from 2010 . The company is said to have supported foreign business with bribes for years, including a. in connection with the procurement by Greece of Class 214 submarines worth EUR 2.85 billion. As part of an in-house amnesty program, dozens of employees reported irregular payments. In December 2011, the former Ferrostaal board member Johann-Friedrich Haun and a former authorized signatory were sentenced by the Regional Court of Munich I for bribery of foreign officials to imprisonment of two years on probation and fines in the five-digit range. They had previously confessed to paying a total of around 62 million euros in bribes to administrative decision-makers in Greece in 2000 and in Portugal in 2003 in order to get submarine contracts. The former Greek Defense Minister Akis Tsochatzopoulos is said to have been among the recipients .
In its judgment, the court admitted that both defendants had worked impeccably for their company Ferrostaal for many years and, with the bribe payments, had taken over a practice "that was common practice in almost all companies until 1999 and was accepted by our authorities", such as the Presiding judge Hans-Joachim Eckert carried out. On the other hand, the managers knew that their actions were illegal, even if there was no personal enrichment. Ferrostaal was sentenced to a fine of almost 140 million euros in order to skim off the corporate profits generated by the bribe payments, after a fine of 177 million euros was initially discussed.
Corporate structure
Ferrostaal operates in more than 60 countries around the world. Activities focus on Latin America, Asia, the Middle East, Europe and Africa. The company is divided into the business segments Projects and Services , which are divided into four areas.
Projects
In the Projects division with the subdivisions Solar, Biofuels, Petrochemical and Industrial Projects, Ferrostaal builds industrial plants as a general contractor or together with other consortiums. Since 2007, the company's activities have increasingly focused on renewable energies and biofuels. The core competencies here are project development, financing, project management and the integration of partners.
Petrochemical builds plants for products such as methanol and fertilizers. Olefins and refined products are also part of the division's portfolio. In the past few years, the division has built five methanol plants and two ammonia plants in Trinidad .
Industrial Projects builds gas and steam power plants, metallurgical plants such as blast furnaces and compressor stations for the oil and gas industry. In the MENA region (Middle East North Africa), the company supplies equipment for the development of oil and gas fields as well as systems for processing oil and gas.
Services
The Services division consists of the Equipment, Automotive, Governmental and Ships sub-divisions.
In the Equipment Solutions division, the company sells machines for the printing, metal processing and packaging industries. Ferrostaal claims that it is the largest supplier-independent service provider in the graphics industry.
- Piping Supply supplies pipes and related accessories for oil companies, chemical companies, plant manufacturers and energy suppliers. The Dutch Van Leeuwen Pipe and Tube Group took over this division from Ferrostaal on May 1, 2018.
- Transportation procures and modernizes rail vehicles such as locomotives and tram vehicles.
- Automotive assembles vehicle components into complete modules and delivers these just-in-sequence to the automobile manufacturer.
- The Governmental sub-division handles counter-deals in connection with submarine projects.
Web links
- Official website
- Early documents and newspaper articles on Ferrostaal in the 20th century press kit of the ZBW - Leibniz Information Center for Economics .
Individual evidence
- ↑ http://www.manferrostaal.com/ipic_takes_over_majority_of_man_ferrostaal.news_detail+M526cd9df31b.0.html ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ ferrostaal.com: MPC Industries new owner of Ferrostaal ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. , accessed April 14, 2012
- ↑ For the conversion, see also: Announcement of the Essen District Court : New entry in the commercial register under the registration number HRB 23766 of March 27, 2012 , available via the company register .
- ^ Corruption scandal at Ferrostaal , Frankfurter Rundschau of July 19, 2010
- ↑ ad ius: Judgment in criminal proceedings for collective bribery of foreign public officials in international business transactions, etc. a. (Ferrostaal)
- ^ SPIEGEL ONLINE, Hamburg, Germany: German submarine deal burdens Greek ex-minister Tsochatzopoulos . In: SPIEGEL ONLINE . April 11, 2012.
- ^ Frankfurter Rundschau: Bribery affair: Ferrostaal has to pay 140 million euros . In: fr-online.de .
- ↑ SPIEGEL ONLINE, Hamburg, Germany: Bribe: court sentenced ex-Ferrostaal manager to suspended sentences . In: SPIEGEL ONLINE . December 20, 2011.
- ^ Frankfurter Allgemeine Zeitung GmbH: Ferrostaal has to pay a fine . In: FAZ.NET . June 26, 2011.
