Körber AG is a strategic management holding company based in Hamburg . In 2023, the group had more than 12,000 employees at more than 100 locations worldwide and generated sales of €2.9 billion.
17-686: On July 14, 1946, Kurt A. Körber paved the way for the first business deals in Hamburg. On February 1, 1947, he established Hauni Maschinenfabrik Körber & Co. KG (from 1958: Hauni-Werke Körber & Co. KG). The company originally only produced machines for the tobacco industry. In 1953, it moved to a new location within Hamburg's Bergedorf district . One year later, it had more than 1,000 employees. The group's international expansion began in 1948, when Eric M. Warburg , who had been living in exile , helped Körber establish contact with American cigarette manufacturers. In 1951, Körber's machines were successful at
34-449: A price that was too low. Laine had previously managed the business operations of Neles and thought that Valmet could in time have bought more of its stock. Alfa Laval's CEO said that they had bought Neles at a “pandemic discount,” and the front page of the Swedish financial newspaper Dagens Industri celebrated that Sweden would soon own Finland's industry. Valmet started buying Neles stock. By
51-522: A tobacco trade show in Amsterdam . By 1953, his company exported 80 percent of its products, and machines from Hauni plants were used in 48 countries. In 1955, the company established a plant in Richmond, Virginia , which was followed by additional facilities through the mid-1960s. The diversification of the company began in 1970, when it purchased E. C. H. Will, a manufacturer of paper-processing machines that
68-436: A wider base of process industries. At the end of 2009, Metso acquired Tamfelt Corporation, one of the world's leading suppliers of technical textiles. At the end of June 2020, Neles was separated from Metso. The State of Finland sold its share of 15 per cent to Valmet. In mid-July, the Swedish company Alfa Laval made an offer to buy Neles. Valmet's CEO Laine rebuked the board of Neles for ill-advised actions and accepting
85-576: Is active in four business divisions: Kurt A. K%C3%B6rber Kurt A. Körber (September 7, 1909 – August 10, 1992) was a German founder and businessman, who founded a group of companies including the Hauni Maschinenbau AG , an internationally leading company for the production of machines for the tobacco industry. The sole shareholder of the companies is the Körber Foundation , initiated in 1959 by Körber. Until his death in 1992, Körber
102-567: The autumn, Valmet owned nearly 30 per cent of the stock. Alfa Laval only received the support of a third of Neles owners for its takeover bid, and withdrew from the competition in November. In January 2021, Valmet reported that it would supply the mills of the Swedish company Renewcell with equipment to produce dissolving pulp from recycled clothes and textiles. In May, Valmet announced that it would deliver drying technology to Spinnova, which produces textile fiber from cellulose. Valmet equipment for
119-605: The group and its business divisions and companies have appeared as a single, unified brand : Körber. The only exception was the Tobacco business division, which operated on the market as the Hauni Group. From September 2022 onwards, the Hauni Group was renamed to business division Technologies. In early 2022, Körber acquired Siemens Logistics' mail and parcel business to strengthen its Supply Chain business area. The company sold its Tissue business division to Valmet in 2023. The group
136-616: The merger of the Kurt A. Körber Stiftung (established in 1959) and the Hauni Stiftung (established in 1969). Until Körber's death, the Foundation had held 34.9 percent of the shares . Since then, the group's annual dividend has been paid out completely to the Körber Foundation. In 1995, Körber AG became a management holding company, which supervised the group's three business divisions at
153-444: The merger, the company had 17,000 employees, 3,000 of whom came from Neles. In February 2024, it was announced that President and CEO Pasi Laine would be retiring at the end of September 2024. Danish CEO of Mediq , Thomas Hinnerskov, was chosen by Valmet's board of directors to lead the company as the new President and CEO. In October 2024, Velmet announced that is it cutting 112 jobs to improve "profitability and competitiveness of
170-469: The merging company. The companies’ synergies were considered to be substantial during the transaction. Neles was thought to help increase sales in automation systems, while its products were also to be sold to the paper industry. Neles merged into Valmet in April 2022, becoming Valmet's fifth business line, Flow Control. The companies had several managers and employees who knew each other from Metso days. After
187-499: The mid-1980s, the group generated sales of over one billion DM for the first time. On June 17, 1987, the group was transformed into Körber AG, which absorbed Hauni-Werke Körber & Co. KG. In the 1990s, the group's grinding machine segment, Schleifring, was under pressure due to restructuring costs, exchange rates , fluctuating commodity prices, and a tough price war within the sector. The business division for paper processing expanded during these years. Among other things, this
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#1733121974723204-545: The textile industry is in high demand in Europe, because the collection of discarded textiles for recycling must be organized in the EU countries by 2025. Valmet had been developing recycling technology with Renewcell for years, and the companies constructed a pilot plant and a factory in Sundsvall together. In July 2021, Valmet and Neles agreed to merge. Neles owners obtained 18.8 per cent of
221-406: The time. In 2002, the company entered a new market: packaging for pharmaceutical products. In the following years, this segment was expanded further through acquisitions . It has been a separate business division since 2009. In 2012, Körber divested itself of several subsidiaries for paper processing machines, including E. C. H. Will. As a result of a number of restructuring measures, Körber
238-588: Was based in Hamburg- Lokstedt . The new business division was strengthened in 1976 through the acquisition of Womako Maschinenkonstruktion GmbH ( Stuttgart ). At the request of German Chancellor Helmut Schmidt , Körber purchased the grinding machine manufacturer Blohm in Bergedorf in 1978. It served as the nucleus for the company's third business division. The acquisition of Schaudt Maschinenbau GmbH (Stuttgart and Ellwangen ) in 1983 broadened its foundation. In
255-457: Was divided into seven business divisions in 2015: Automation, Logistics Systems, Machine Tools, Pharma Systems, Tissue, Tobacco, and Corporate Ventures. In 2017, the business division Körber Digital was added. It manages the digitization of the group and the development of new digital business models. One year later, the group sold the Machine Tools and Automation business divisions. Since 2020,
272-404: Was due to the acquisition of two Italian companies for the production and packaging of tissue products and the gradual purchase of a majority holding in a machine manufacturer for the production of envelopes and other paper products. Following Körber's passing on August 10, 1992, the company's assets were transferred to the Körber Foundation . The Foundation was created on January 1, 1981, through
289-503: Was the sole owner of the Körber AG . He was born in Berlin and died in Hamburg. This German business-related biographical article is a stub . You can help Misplaced Pages by expanding it . Valmet Valmet Oyj , a Finnish company, is a developer and supplier of process technologies, automation systems and services for the pulp , paper , energy industries . Flow control serves
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