Terrot

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Terrot GmbH

logo
legal form Corporation
founding 2006
Seat Chemnitz , Germany
management Andreas von Bismarck (†), Peter Schüring
Number of employees 310
Branch Textile engineering
Website www.terrot.de

The Terrot GmbH is a German textile machinery manufacturer based in Chemnitz .

history

On April 16, 1862, Charles Terrot (* October 12, 1831 in Kyllburg , Eifel; † 1903 ) founded the Stücklen u. Company together with the merchant Wilhelm Stücklen in Cannstatt (Württemberg) . Terrot for the production of circular knitting machines, called "French round chair", which operated under C. Terrot from 1878 and still exists today as Terrot GmbH .

In 1887 C. Terrot opened a branch in Dijon . The management of the new plant Établissements Terrot was entrusted to his son Franz and his son-in-law Wilhelm Duttlinger. The circular knitting machines (round chairs) and later also circular knitting machines continued to be produced in Cannstatt under C. Terrot Söhne .

Circular knitting machines and circular knitting machines

The 25,000th circular knitting machine (1911)

Between the two world wars, C.Terrot Söhne continued to develop. The circular knitting machines increasingly replaced the circular knitting machines . During the Second World War , on the night of October 20, 1944, the plant was reduced to rubble. The reconstruction in the post-war period was characterized by a steadily increasing demand for circular knitting machines. In 1958 the opportunity arose to take over the company "Textilmaschinenbau Wahlstedt GmbH" in Wahlstedt / Schleswig-Holstein. On March 1, 1959, C.Terrot Söhne & Co. was founded in Wahlstedt. Circular knitting machines, so-called “transfer machines”, were built in Wahlstedt at that time, especially for the production of fine underwear. Later also other machines of the Terrot program. The 1960s to the first half of the 1970s were characterized by an enormous demand for circular knitting machines, driven primarily by the globally prevailing jersey fashion , because jersey is made on circular knitting machines. Terrot built another plant in Waiblingen (commissioning 1972). The Wahlstedt plant was expanded in 1973/74.

But the upswing was followed by a steep decline. The Wahlstedt plant was closed in 1976. The resulting burdens drove the parent company C.Terrot Söhne into bankruptcy in 1977. Immediately after the opening of bankruptcy, new shareholders founded the new company Terrot Strickmaschinen GmbH , which, freed from many contaminated sites, successfully continued to develop at its headquarters in Stuttgart-Bad Cannstatt.

By 2001, 700 employees in two factories designed and produced over 1000 circular knitting machines a year. In 1993 the former Chemnitz knitting machine construction was taken over and expanded as a second plant next to Bad Cannstatt. In 2001 the company got into financial difficulties as a result of the Asian crisis and internal problems and had to file for bankruptcy. This led to the headquarters in Stuttgart-Bad Cannstatt being closed. Chemnitz has been the headquarters of the newly founded Terrot GmbH since June 1, 2006 . The number of employees here more than doubled from 2006 to 2017 to 260, and the company employs around 310 people across the group.

In 2014 the company took over the Italian circular knitting machine manufacturer Pilotelli as a 100 percent subsidiary of Terrot GmbH. The company has an export quota of almost 100 percent. With more than 50 sales agencies and service centers, Terrot is represented in around 85 countries around the world.

The Indian Voltas Ltd. holds 24% of the shares in Terrot.

Web links

Individual evidence

  1. ^ Voltas Ltd: Company Analysis . Hem Securities Limited, May 26, 2007, p. 3 ( online [PDF; 81 kB ; accessed on June 19, 2007]).