Trelleborg AB
 | |
| Type | Publicly traded Aktiebolag |
|---|---|
| Traded as | OMX: TREL B |
| Industry | Polymer technology |
| Founded | 1905 |
| Founder(s) | Henry Dunker and Johan Kock |
| Headquarters | Trelleborg, Sweden |
| Area served | Worldwide |
| Key people |
Anders Narvinger Chairman Peter Nilsson President and CEO |
| Revenue | 27 billion SEK (2009) |
| Employees | 21,000 (2010) |
| Divisions | Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions, and Trelleborg Wheel Systems |
| Website | www.trelleborg.com |
Trelleborg AB is a global engineering group focused on polymer technology, with headquarters in Trelleborg, approximately 21,000 employees (2010), and a revenue of 27 billion SEK (2009). Its stock has been listed at the Stockholm Stock Exchange since 1964, currently (2010) on the OMX NordicList, large cap. It is active in 40 countries and describes its mission as the development of "high-performance solutions that seal, damp and protect in demanding industrial environments." [1]
History
The company was founded in 1905 as Trelleborgs Gummifabriks AB (the Rubber Factory Corporation of Trelleborg) by Henry Dunker and Johan Kock, who were both already active in the rubber industry. Initially, the company had 150 employees and produced bicycle tires and rubber for industrial applications. During World War I, the Swedish Armed Forces placed substantial orders.
By the mid-1930s, the number of employees had reached 1,000. Beginning in the 1950s, the share of revenue from sales outside of Sweden increased; in 1950, it was 4%, and in 1970, it was 40%. In 1964, Trelleborgs Gummifabriks AB was floated at the Stockholm Stock Exchange. The current name was adopted in 1977. Between 1983 and 1991, the strategy was to act as a wide-ranging industrial conglomerate, with a particular focus on mining and metals. Later, the company's focus returned to rubber products. In 1999, the scope was further narrowed by specializing in industrial applications. In 2003, polymer-based precision seals were added to the product offerings.[2]
Operations
Trelleborg AB is divided into the following business areas:[3]
- Trelleborg Engineered Systems (customized solutions for sealing, protection and security)
- Trelleborg Automotive (polymer-based damping of sound and vibration for vehicles)
- Trelleborg Sealing Solutions (precision seals for industry, aviation and vehicles)
- Trelleborg Wheel Systems (tires and wheel systems for agriculture, forestry and materials handling)
Market
Trelleborg AB was in 2009, according to Rubber & Plastics News, the second largest player in the world market for non-tire rubber products.[4]
| Ranking by sales[4] | Company | Country |
|---|---|---|
| 1 | Hutchinson | France |
| 2 | Trelleborg | Sweden |
| 3 | Continental | Germany |
| 4 | Bridgestone | Japan |
| 5 | NOK | Japan |
| 6 | Tokai Rubber Industries | Japan |
| 7 | Tomkins | United Kingdom |
| 8 | Freudenberg Group | Germany |
| 9 | Parker Hannifin | United States |
| 10 | Cooper-Standard Automotive | United States |
The net sales for 2009 had the following geographical distribution:[5]
| Region | Share of sales |
|---|---|
| Western Europe | 58% |
| Rest of Europe | 5% |
| North America | 18% |
| Asia and other markets | 13% |
| South and Central America | 6% |
Ownership
The 10 largest shareholders of Trelleborg AB, as of June 30, 2010:[6]
| No | Shareholder | Number of shares | Percent of share capital | Percent of votes |
|---|---|---|---|---|
| 1 | Dunker funds & foundations | 34,979,322 | 12.9 | 55.2 |
| 2 | Didner & Gerge Equity Fund | 22,786,995 | 8.4 | 4.3 |
| 3 | Alecta | 14,000,000 | 5.2 | 2.7 |
| 4 | AFA Insurance | 11,758,448 | 4.3 | 2.2 |
| 5 | DFA funds (US) | 7,833,297 | 2.9 | 1.5 |
| 6 | Swedbank Robur funds | 6,943,934 | 2.6 | 1.3 |
| 7 | Nordea funds | 6,545,719 | 2.4 | 1.2 |
| 8 | Unionen | 5,039,823 | 1.9 | 1.0 |
| 9 | First Swedish National Pension Fund | 4,271,175 | 1.6 | 0.8 |
| 10 | SHB funds | 4,267,104 | 1.6 | 0.8 |
| Other 51,582 shareholders | 152,645,966 | 56.2 | 29.0 | |
| Total | 271,071,783 | 100.0 | 100.0 |
Governance
Since April 24, 2002, Anders Narvinger has been Chairman of Trelleborg AB. The following table lists the chairmen in chronological order since the company was founded.
| Period | Chairman |
|---|---|
| August 24, 1905 - December 18, 1909 | Gustaf Lagergren |
| December 19, 1909 – May 1, 1945 | Johan Kock |
| May 2, 1945 - May 3, 1962 | Henry Dunker |
| May 17, 1962 - May 24, 1965 | Lars Gunnar Ohlsson |
| May 25, 1965 – May 25, 1970 | Hadar Hallström |
| May 26, 1970 – May 17, 1976 | Lars Gunnar Ohlsson |
| May 18, 1976 - May 30, 1985 | Åke Ståhlbrandt |
| May 31, 1985 – May 30, 1990 | Ernst Herslow |
| May 31, 1990 – April 23, 2002 | Rune Andersson |
| April 24, 2002 - | Anders Narvinger |
Since October 1, 2005, Peter Nilsson has been president and CEO of Trelleborg AB. The following table lists the presidents and CEOs in chronological order since the company was founded.
| Period | President and CEO |
|---|---|
| August 24, 1905 - May 17, 1947 | Henry Dunker |
| September 1, 1939 - July 21, 1949 (at the time, the law permitted appointment of more than one CEO) | Hilding Ståhlbrandt |
| August 29, 1949 - May 17, 1976 | Åke Ståhlbrandt |
| May 18, 1976 – April 30, 1983 | Arne Lundqvist |
| May 1, 1983 – May 30, 1990 | Rune Andersson |
| May 31, 1990 - January 26, 1999 | Kjell Nilsson |
| January 27, 1999 - February 8, 1999 | Hans Porat (temporary) |
| February 9, 1999 - September 30, 2005 | Fredrik Arp |
| October 1, 2005 - | Peter Nilsson |
References
- ↑ "About Our Group". Trelleborg AB. April 19, 2010. Retrieved October 13, 2010.
- ↑ "History". Trelleborg AB. August 12, 2010. Retrieved October 13, 2010.
- ↑ "Organization". Trelleborg AB. March 30, 2010. Retrieved October 13, 2010.
- ↑ 4.0 4.1 Bruce Meyer (2010). "Rankings". Rubber & Plastics News (Crain Communications) (July 12): 12.
- ↑ "Annual Report 2009, Global leader in industrial rubber". Trelleborg AB. March 19, 2010. Retrieved October 13, 2010.
- ↑ "Ownership Structure". Trelleborg AB. July 12, 2010. Retrieved October 13, 2010.
External links
Media related to Trelleborg AB at Wikimedia Commons