International construction machinery factory

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The Internationale Baumaschinen-Fabrik Aktiengesellschaft (IBAG) was a construction company founded in Neustadt an der Weinstrasse in 1911 .

IBAG Neustadt
Old Hall IBAG Neustadt (Weinstrasse)
Share of the Internationale Baumaschinenfabrik AG dated July 11, 1912

Company development until 1945

IBAG was founded by Conrad Freytag , partner in the company Wayss & Freytag, which specializes in the construction of cement and Monier buildings, and Wilhelm Lothar Velten († 1945), owner of a construction machinery factory located near Stuttgart. From 1910 to 1911, Wayss & Freytag also built the IBAG's basic workshop, which is now a listed building. As early as 1912, the Internationale Baumaschinen-Fabrik Aktiengesellschaft was completely transferred to Velten, including the factory premises with a rail connection and company building. The company specialized primarily in the manufacture of stone crushers, concrete mixers, sand and gravel sorting systems as well as machines for modern road construction. During the Second World War, forced laborers were used at IBAG, and towards the end of the Second World War, buildings and premises, including the large assembly hall, were severely damaged by aerial bombs.

Development after 1945

After the death of the owner Velten, the company passed to his daughters. By 1954, the war damage on the factory premises had been repaired and the buildings rebuilt. The steel crisis bothered also IBAG from the mid-1960s. In 1965 the company signed a cooperation agreement with the state-owned Polish foreign trade monopoly Polimex, which provided for an inexpensive supply of steel parts for the heavy rock crushers and screening plants made in Poland and the sale of construction machinery in the COMECON area. In 1969, the Midland Ross Corporation from Cleveland / Ohio and Willy Korf and its corporate companies each took over almost 50% of the family company's capital and restructured the company.

Development after bankruptcy

The main shareholder, Korf-Stahl AG, went bankrupt in 1983, IBAG itself in 1997. IBAG companies, however, continued to exist in various forms until 2015. An aerial bomb had to be defused in 2014 when various buildings on the site were demolished. Various design proposals were submitted for the company premises, such as converting it into a shopping or cultural center. The assembly hall was sold in 2015 to the current investor who wants to furnish loft apartments .

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