Dürr AG

Dürr AG
Aktiengesellschaft
Traded as FWB: DUE
Industry Plant and machinery construction
Founded 1895
Founder Paul Dürr
Headquarters Stuttgart, Germany
Area served
 Worldwide
Key people
  • Ralf W. Dieter (CEO)
  • Klaus Eberhardt (Chairman of the supervisory board)
Revenue € 2,574.9 m (December 2014) [1]
Number of employees
 14,151(December 2014) [1]
Website www.durr.com

Dürr AG is a global mechanical and plant engineering firm. The company, founded by Paul Dürr (1871-1936) as a metal shop for roof flashing in Cannstatt in 1895, has been listed on the Frankfurt Stock Exchange since 4 January 1990. Meanwhile the shares are listed in the MDAX and Stoxx 600. The customers of Dürr AG include almost all familiar automobile manufacturers and their suppliers. Other market segments include, for example, the mechanical engineering, chemical and pharmaceutical industries and – since the takeover of HOMAG Group AG in October 2014 – the woodworking industry. The company is registered in Stuttgart, but its actual location (mailing address) has been in Bietigheim-Bissingen since 1 August 2009 after the relocation of various business units.

Company history

In 1895, a metal shop for roof flashing was founded in Cannstatt by Paul Dürr. In 1917, the company expanded to sheet metal processing. In 1932, Paul Dürr handed the running of the company over to his son, Otto Dürr, who established a construction office.

Plant construction began in 1950 with the first system for chemical surface treatment. In 1963, Dürr installed the first equipment for electrophoretic dip-painting in the Ford factory in Genk, Belgium. In 1964 and 1966, subsidiaries were founded in Brazil and Mexico.

In 1978, Dürr expanded into the fields of automation and conveyor systems. Dürr launches its IPO and takes over the Behr-Group. So that all core capabilities for paint shop construction are now combined within one company. Dürr took over the French competitor Alstom Automation in 1999. The measuring systems group Carl Schenck also became part of the Dürr Group in 2000. In 2003, Dürr acquired the largest order in the company's history: General Motors ordered three paint shops in North America.

In the course of readjustment of the Group's structure, and concentration on its key areas of expertise in plant and machinery construction, Dürr spun off activities that it no longer regarded as fitting into the portfolio of its business model in 2005.

In the summer of 2009, Dürr relocated its headquarter to the Bietigheim-Bissingen location.

In 2011 Dürr is expanding activities in the energy efficiency business area. In addition to exhaust air purification systems, that includes processes for utilizing energy recovered from industrial waste heat.

After 23 years at the top of the Supervisory Board of Dürr AG, Heinz Dürr retired from office in April 2013. Klaus Eberhardt was elected as his successor by the Supervisory Board, having been a member of the control body since 2012.

2014 Dürr acquires the majority of HOMAG Group AG, the world market leader for woodworking machines.

Dürr is among the global market leaders in its sectors, with market shares of 30% to 60% on average. More than 80% of its revenue is generated abroad.[2] Dürr is represented in 28 countries at 93 business locations (thereof 50 with production facilities).

Board of Management

Heinz Dürr 2013

Shareholder Structure

Stake Shareholder
25.2 % Heinz Dürr GmbH
71.3% Institutional and private investors (thereof 0.6% share of Dürr Management Board)
3.5 % Heinz und Heide Dürr Stiftung, Berlin

March 16, 2015 [2]

Divisions


References

  1. ↑ 1.0 1.1 Dürr AG. "Preliminary Figues 2014" (in German). Retrieved 2015-03-19.
  2. ↑ http://www.durr.com/investor/share/shareholder-structure/


External links