SHW (company)

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SHW AG

logo
legal form Corporation
ISIN DE000A1JBPV9
founding 1921
Seat Aalen , GermanyGermanyGermany 
management
Number of employees 1,572
sales 421 million euros (2018)
Branch Automotive supplier
Website www.shw.de
As of December 31, 2018

The SHW AG (formerly Swabian metallurgical plants ), based in Aalen is a listed automotive supplier Ostwürttemberg with production sites in Wasseralfingen , Tuttlingen - Ludwigstal and Neuhausen ob Eck and Bad Schussenried . Abroad, there are subsidiaries and joint ventures in Canada , Brazil , the Czech Republic , China and Romania

As of the end of December 2018, the company generated sales of just over 420 million euros and employed an annual average of over 1,500 people.

history

for the prehistory see Hüttenwerke in Württemberg

The Wasseralfingen ironworks in the 19th century
Cast iron manhole cover from the Wasseralfinger Hütte

The " Schwäbische Hüttenwerke GmbH " (SHW) was founded in Oberhausen on May 21, 1921 by a partnership agreement between the Württemberg state and Gutehoffnungshütte , a stock corporation for mining and smelting. The company received the right to utilize Dogger ores in Württemberg and leased the traditional state-owned smelting works in Abtsgmünd (founded in 1611, closed in 1929), Friedrichstal (founded in 1808 through separation from the Christophstal ironworks, later reunification with Christophstal and gradual closure of the Christophstal works), Königsbronn (documented evidence 1365), Ludwigstal (founded 1694), Wasseralfingen (founded 1671) and Wilhelmshütte (founded 1840). At that time, the company employed 1750 workers and 170 salaried employees and subsequently concentrated on the areas of foundry , rolling mill production and mechanical engineering ; the last blast furnace was shut down in 1925. Under the leadership of Gutehoffnungshütte, iron ore mining was resumed on a larger scale after 1934 and continued until the last mine in Geislingen-Altenstadt was closed in 1963.

After 1945

In the first decade of reconstruction, the company's turnover rose from DM 17.5 million in the 1948/49 financial year to DM 90.4 million in 1959/60. But this was followed by severe setbacks: Like other companies in the metal industry, SHW also got into major difficulties when the market became increasingly narrow not only due to the constant expansion of capacity of its European competitors, but also due to cheap imports from overseas. For example, from 1974 to 1986 no more dividends could be paid out and had to submit to a far-reaching restructuring process, at the end of which the profitable supplier business for the automotive industry finally moved into the center of the company before the historic iron casting.

In the period that followed, the state of Baden-Württemberg and MAN  AG, as the legal successor to Gutehoffnungshütte, separated from their 50 percent shares in SHW: For example, after the Friedrichstal plant was sold in 1996, the foundries in Königsbronn and Wasseralfingen were opened in 2005 Sold by way of a management buyout under the umbrella of SHW Casting Technologies . After more than 550 years, the entrepreneurial involvement of the Württemberg state in the metallurgical industry - begun by Duke Christoph von Württemberg - ended. SHW Casting Technologies filed for bankruptcy in April 2013. After the remaining non-automotive activities were spun off to VGW Wasseralfingen GmbH, the legal successor of SHW was SHW Automotive GmbH, which comprised the parts of the company operating as an automotive supplier and was sold to the financial investor Nordwind Capital in 2005 . After its conversion into a stock corporation, the company traded as SHW AG and went public; The SHW share started on July 7, 2011 with the ticker SW1 in the Prime Standard of the Frankfurt Stock Exchange.

In 2018, the holding company acquired the majority of the company from Stefan Pierer , the CEO of Pankl Racing Systems Wolfgang Plasser took over the management of SHW in addition to his existing position as CEO of Pankl Racing. In April 2019, Pierer made an offer to fully take over SHW public.

archive

The SHW archive, which has been kept in the Baden-Württemberg Economic Archives in Stuttgart-Hohenheim since 2000, is one of the oldest and most important corporate archives in Germany and includes the records of the Württemberg steelworks from the 16th century to the present day (200 running meters ).

Vehicle production

The SHW car

In 1924 the development of an automobile began under the direction of Wunibald Kamm . In 1925, however, the SHW car project was abandoned.

SHW mountain chapel

Today's association and orchestra SHW Bergkapelle Wasseralfingen was a department of the iron and steel works in Wasseralfingen for many years. 1813 is the year the mountain chapel was founded.

Web links

literature

  • Uwe Fliegauf: The Swabian iron and steel works between the state and the private sector. On the history of iron processing (1803–1945). In: Stuttgart historical studies on regional and economic history. Volume 9, Ostfildern 2007 (with further references).
  • Erich Maschke: A group is created. Paul Reusch and the GHH. Tubingen, 1969.

Individual evidence

  1. ↑ a b SHW AG: Annual Report 2018 (PDF) Retrieved on April 29, 2019 .
  2. ^ Hugo Müller, The Württemberg ironworks in Forbachtal in the Black Forest, copy of the Freudenstadt city archive
  3. ↑ SHW is now owned by Pierer Industrie - Wolfgang Plasser becomes the new boss. Article dated June 7, 2018, accessed June 8, 2018.
  4. ↑ Pierer Industrie wants the German supplier SHW completely. Article dated April 24, 2019, accessed June 16, 2019.
  5. ↑ SHW mountain chapel. Retrieved February 27, 2017 .