A German company that manufactures products for industry and agriculture with a worldwide reputation. The company was founded in 1867 in Germany. The corporation is one of the largest family businesses in Europe, owned by members of the Hanns Voight family, even though other people actually run the company. The firm is headquartered in Heidenheim, Germany. The headquarters serves as a unit of management, an executive body that sets the strategy of the company's core activities. Since 2008 the company has been managed by Mr. Hubert Linhard. The company employs over 40,000 people worldwide, of whom 4,500 work directly in Heidenheim. As of the 2009-2010 financial year, the company had revenues of 5.2 billion euros and profits of 121 million euros.
The group of companies consists of four main commercial sectors: Paper, Hydro, Turbo and Industrial Services. Paper is a leading supplier to the global paper industry, supporting all stages of the papermaking process from fibers to finished products. The assortment of paper products of the company is represented by: machines for the production of newsprint and newspapers, specialized and protective paper (decorative, tissue, tissue paper, thermal paper), sanitary paper, graphic paper, construction cardboard and others. Hydro, a joint venture with Siemens, is today the leading supplier of complete systems for hydropower plants. Turbo - specializes in electrical, mechanical, hydrodynamic, electronic drive, brake systems. Industrial Services is one of the premier providers of industrial maintenance, cleaning, manufacturing and process control services. These services are provided by subsidiaries: Premier Group, Hörmann Industrial TechnologiesDIW, Deutsche Industriewartung AG.
Products: gearboxes and related equipment; variable drives (fluid couplings, torque converters, planetary gears); starting turbo couplings, vane propellers, propellers; gear pumps; SafeSet torque limiting clutches; cardan shafts; paper machines; hydraulic turbines; generators. Applications of products: automotive industry; chemical and petrochemical industry; food processing, beverage and cigarette manufacturing; marine technology; mechanical engineering; mining; Oil and gas industry; steel industry; paper production; railway vehicles; wind power plants.
