MAN Ferrostaal

Ferrostaal GmbH is a German industrial services company with headquarters in Essen. Since March 2012, Ferrostaal is owned by the MPC Industries GmbH.

In 2010, the Ferrostaal Group generated as published in the Federal Gazette a turnover of nearly 1.8 billion euros and employed approximately 5,400 people at more than 60 locations worldwide.

• 2.1 Project
• 2.2 Services

History

Ferrostaal in 1920 as Ferrostaal N.V. in The Hague, founded in the Netherlands. The company was active in the steel trade. 1921, involved the Oberhausen Gutehoffnungshütte share club ( GHH ), a predecessor company of MAN Ferrostaal in 1926, the company has been completely taken over and continued as a trading company of Gutehoffnungshütte as Ferrostaal AG, headquartered in Essen. In the following years, the company expanded abroad, strengthened also to South America. After being destroyed in the Second World War, the company was quickly rebuilt and was active worldwide in the 1950s in the steel and machinery trade. Since the 1960s, Ferrostaal is also active in plant construction and generated 1964 revenue of nearly 1 billion DM

1990 Ferrostaal acquired the state-owned arms holding German industrial plants GmbH and its subsidiary Fritz Werner Industrial Equipments Co., Ltd. in Geisenheim. Following the arrival of Ferrostaal 's military activities were increasingly returned to the DIAG group and instead an extension of the civil engineering business operated primarily in the Arab region and the Middle East. In 1997, the oil and gas installation business from its sister company, MAN GHH was incorporated into the newly founded subsidiary Ferrostaal, MAN GHH Oil and Gas GmbH; this was merged with Fritz Werner in early 2002. The new Geisenheim company Ferrostaal Industrial GmbH thus brings together the assembly business in the oil and gas sector with traditional engineering projects in North Africa, Asia and more recently in Latin America.

In order to expand the Engineering Division and deepen acquired Ferrostaal in 1997, the Saarland assembly and steel construction company DSD Dillinger Steel Construction GmbH with 6000 employees and numerous domestic and foreign investments. Even in the years prior to the acquisition Ferrostaal had already handled the larger community projects (eg in Venezuela and Nigeria) with DSD. Greater synergy could be implemented in particular in power plant construction; this area was broadcast in 2006 by the DSD to the Ferrostaal Industrial Projects GmbH. The activities in air technology and nuclear division performed very well; these are bundled in Ferrostaal Air Technology since 2007. In contrast, the rest of the DSD business sectors (steel structures, industrial assembly, car park construction ) were successively sold in the years from 2004 to mid-sized investors.

Particularly successful was the introduction of Ferrostaal in the supplier and component manufacturing business for the automotive industry. Also, this business was originally developed by the DSD in Saarlouis, operated as a joint venture between DSD and Ferrostaal AG from 1988 to 1997 and 1997 in Ferrostaal Industrial and logistics system (now Ferrostaal Automotive) GmbH bundled. At present, the automotive sector has larger logistics and assembly facilities in Germany, Belgium and Poland.

In contrast, Ferrostaal has submitted their traditional steel trading business in several steps. The domestic steel sector was sold in late 1994 at the Duisburg steel trader Kloeckner & Co. The rebar installation business was further extended ( among other prestigious projects such as the Centro Oberhausen and the Sony Center Berlin); End of 2000, Ferrostaal has, however, given this division to the Dutch BV Holterman. The international steel trade was finally introduced Coutinho & Ferrostaal, headquartered in Hamburg in the joint venture company in 2007 and in 2012 sold to the Mexican co-partner Villacero.

Remained at Ferrostaal is the tube trade, which is located in the Ferrostaal Piping Supply GmbH and various foreign subsidiaries. Ferrostaal Piping Group acts as a global supplier to the petrochemical industry, especially for products in the pipeline.

Since 2006, succeeded the Ferrostaal Group to expand its engineering business in addition to the already long been successful petrochemical division ( methanol, ammonia plants ) on renewable energy (solar, biofuels, wind). So, in the last years, several biodiesel plants (Poland, the Netherlands), wind farms (Uruguay ) and solar thermal power plants ( Andasol / Spain ) can be realized, the latter in conjunction with the Solar Millennium AG.

In January 2009, MAN Ferrostaal sold 70 % of shares to the International Petroleum Investment Company ( IPIC ) of Abu Dhabi. November 27, 2009, MAN Ferrostaal AG was renamed Ferrostaal AG. The remaining 30 % of the capital in Ferrostaal should be taken over by IPIC end of 2010; However, IPIC refused the purchase of the remaining shares for the center began in 2009 corruption investigations against Ferrostaal. In October 2010, an arbitration procedure was IPIC intently, with the declared aim of the Ferrostaal purchase voiding, or to be compensated by MAN for damages caused by the corruption scandal losses. On 28 November 2011, MAN agreed to take over the interest held by IPIC 70 % stake to a (re) purchase price of 350 million euro.

Then was the complete sale to the Hamburg trading company MPC Münchmeyer Petersen & Co. for 160 million euros in March 2012. Thus Ferrostaal is now 100 % owned by the MPC Industries GmbH, a sister company of MPC Münchmeyer Petersen & Co. As part of the acquisition Ferrostaal has been converted into the new Ferrostaal GmbH.

Corruption scandal

The Munich prosecutor determined from 2010 to employees, including the former CEO Matthias Mitscherlich. The company should have for years supported the foreign business bribes, including in connection with the procurement of submarines of the class 214 worth of 2.85 billion euro by Greece. In the course of a corporate amnesty program reported dozens of employees of incorrect payments. In December 2011, the former Ferrostaal board member Johann -Friedrich Haun and a former attorney were sentenced to prison terms of two years probation and fined in the five-figure range for bribery of foreign public officials. They had previously confessed to having paid bribes to administrative decision-makers in 2000 in Greece and Portugal in 2003 in a total of about 62 million euros to get to the submarine orders. The recipients should have heard including the former Greek Defense Minister Akis Tsochatzopoulos.

Ferrostaal himself was sentenced to a fine of nearly 140 million euros after the first was a fine of 177 million in the conversation.

Corporate Structure

Overall Ferrostaal operates in more than 60 countries. Priorities of the activities are in Latin America, Asia, the Middle East, Europe and Africa. The company is divided into the business segments Projects and Services, which are divided into four areas.

Projects

In the Projects division with subdivisions Solar, Biofuels, Petrochemical and Industrial Projects built Ferrostaal as a general contractor or together with other syndicate industrial plants. Since 2007, the company's activities increasingly focus on renewable energy and biofuels. Core competencies here are the project development, financing, project management and integration of partners.

Petrochemical built facilities for products such as methanol and fertilizers. Olefins and refined products, the portfolio of the area. The business has built in recent years, including five methanol plants and two ammonia plants in Trinidad.

Industrial Projects builds gas and steam power plants, metallurgical plants such as blast furnaces and compressor stations to the oil and gas industry. In the MENA region (Middle East North Africa), the company supplies equipment for the development of oil and gas fields as well as machinery for the further processing of oil and gas. In Brazil, the Ferrostaal Group wraps since 2012 from a major order for equipment of ships for the oil and gas production.

Services

The Services business consists of three segments: Equipment, Automotive, Governmental and Ships.

In the Equipment Solutions, the company sells machines for the printing, metal processing and packaging industry. Ferrostaal claims to be the largest independent service provider for the graphic arts industry.

• Piping Supply supplies pipes and related equipment for oil companies, chemical companies, contractors and utilities.
• Procured Transportation and modernized rolling stock such as locomotives and trams.
• Automotive vehicle mounted components into complete modules and delivers them just- in-sequence to the automobile manufacturers.
• Ships acts as general contractor for specialized vessels such as tug and tanker safety.
• The lower area Governmental handles counter transactions in connection with submarine projects.