Ferrostaal
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Parent Franz Haniel & Cie. | | |
Website | ferrostaal.com |
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Ferrostaal is a
History
Ferrostaal was founded in The Hague, Netherlands, in 1920. The steel trading company was bought by Gutehoffnungshütte Aktienverein (GHH) in 1926. Over time Ferrostaal expanded into more countries, and had a presence in the international steel trade from the 1950s onwards. During the 1960s the company started building industrial plants. Until the end of the 1960s, Ferrostaal was also a manufacturer of diesel railcars and railbuses. In 2004 it was renamed MAN Ferrostaal. Three years later the corporation sold two thirds of its steel business. In 2007 Solar and Biofuels were created as new strategic business areas. As a result of IPIC taking over the majority of shares of MAN Ferrostaal AG, the company changed its name into Ferrostaal AG.[citation needed]
In March 2012, MAN SE announced the sale of Ferrostaal AG to the MPC Group.[3] Since March 2012 Ferrostaal has been owned by MPC Industries GmbH and the company's name has been changed to Ferrostaal GmbH.
References
- ^ a b "Annual Report of Ferrostaal AG" (PDF). ferrostaal.com. 2008.[permanent dead link]
- ^ http://www.ferrostaal.com/uploads/tx_mfsmatrix/MF_JB_08_Gb_sec.pdf[permanent dead link]
- ^ MAN. "MAN and IPIC close Ferrostaal transaction". man.eu.