Scholz recycling
| Scholz Recycling GmbH
|
|
|---|---|
 |
|
| legal form | GmbH |
| founding | 1872 |
| Seat |
Essingen , Germany
|
| management |
|
| Number of employees | 3,400 (2016) |
| sales | 1.63 billion euros (2016) |
| Branch | recycling |
| Website | www.scholz-recycling.com |
The Scholz Group is a scrap recycler and, as a German subsidiary, is wholly owned by the Chinese Chiho Environmental Group based on the Cayman Islands.
Organizationally, the group consists of numerous subsidiaries and over 50 direct holdings with locations in Germany, Austria, Poland, Slovenia, the Czech Republic, Hungary, Romania, Denmark, Sweden, the USA and Mexico.
The core business is trading, the complete recycling of steel and metal scrap and the provision of disposal-related industrial services.
history
Emergence
In 1872 Paul Scholz founded a sorting company in Liegnitz ( Lower Silesia ). The predecessor company C.-H. Scholz KG in Lower Silesia by Carl-Heinz Scholz, the grandson of Paul Scholz. After the family was expelled from Lower Silesia, the new beginning began in Heilbronn and Aalen in 1945 . Between 1965 and 1989, export relationships and various company holdings were established. After the German reunification , an engagement began in the now accessible eastern markets. In 1999 the company was converted into a stock corporation and traded as Scholz AG. In 2008 the subsidiary Scholz Recycling AG was founded.
Economic decline and loss of independence
The first corporate bond was issued in 2012. In 2013 Oliver Scholz took over the position of CEO of the company from his father Berndt-Ulrich Scholz. In 2014 the company was restructured to Scholz Recycling GmbH & Co. KG and the Japanese Toyota Tsūshō took a 39.9 percent stake. At the end of 2015, the company was considered “one of the largest restructuring cases in Germany”. In 2016 the name was changed again to Scholz Recycling GmbH, which became the leading company in the Scholz Group. At the end of 2016, the company was taken over by the Chiho Environmental Group including the remaining debts after a haircut for one euro. On December 15, 2016, the shareholders of the Chiho Environmental Group approved the takeover of the Scholz Group at an extraordinary general meeting in Hong Kong. With this resolution, the last step in a series of conditions in the share purchase agreement of August 29, 2016 was completed.
Commitment to VfR Aalen
From 2008 to 2017, Berndt-Ulrich Scholz secured the naming rights to the Städtisches Waldstadion Aalen and renamed it Scholz Arena; today it is called Ostalb Arena . In 2013, the then chairman Berndt-Ulrich Scholz, who was also president of the soccer club, prevented the club from going bankrupt with a guarantee of 6 million euros.
Web links
- Johanna Ruzicka: Save greenhouse gases with urban mining. In: derStandard.at. September 8, 2011, accessed January 12, 2018 .
Individual evidence
- ↑ a b c Figures and facts, history
- ↑ 16.12.2016 Press release Takeover of Scholz by Chiho Tiande completed
- ^ Shareholding structure of the Scholz Group. December 31, 2004, archived from the original ; accessed on January 12, 2018 .
- ↑ a b c transmission | Scholz Holding GmbH | Scholz Holding is the central control unit for all companies within the Scholz Group. Based in the UK, she leads and directs global activities from Mexico to China and is responsible for the highest excellence in the field of recycling. Retrieved February 8, 2020 .
- ↑ Locations - Scholz Recycling. Retrieved February 8, 2020 .
- ↑ a b Scholz restructuring case: scrap recycler dreams of haircut. In: Handelsblatt . January 15, 2016, accessed January 12, 2018 .
- ↑ Annina Reimann: 850 million euros in debt: a court order could torpedo Scholz's restructuring plans. In: Wirtschaftswoche . April 14, 2016, accessed January 12, 2018 .
- ↑ Timo Lämmerhirt: Now one thing is certain: Scholz takes on a guarantee for VfR Aalen. Schwäbische Zeitung , May 22, 2013, accessed on August 18, 2013 .