SMS Meer acquires Schumag
machinery division
SMS Meer GmbH, Germany, a company
within the SMS group, has taken over
the machinery division of Schumag AG,
Germany, and thereby supplements its
product range for plant and machinery in
the fields of copper and bright steel.
Around 300 of the total of 1,000 Schumag
employees will work for the new company,
SMS Schumag GmbH & Co KG, which will
continue to be operated as an independent
unit at the Aachen location. To this end,
Schumag has leased office facilities and
production shops to SMS Meer on a longterm
basis.
The capacities in respect of production,
sales, engineering and service as well as
the employees of the Schumag machinery
division abroad (UK, USA, China) are
likewise being transferred to SMS
Meer. The Schumag brand name will be
retained.
Dr Joachim Sch�nbeck, president & CEO
of SMS Meer GmbH, states, �Through
the purchase of the Schumag machinery
segment we are expanding our product
range and opening up further potential
for growth of the SMS group as part of its
global presence.�
Mr Heiner Kudrus, a member of the
executive board of Schumag AG, says, �The
product ranges of SMS Meer and of the
Schumag machinery segment complement
each other optimally, and therefore no jobs
are endangered. Furthermore, the SMS
group enjoys an excellent reputation as an
employer. By belonging to the SMS group,
the employees of the Schumag machinery
segment have the very best of prospects
opened up to them.�
The SMS Group is an international group
of companies active in plant construction
and mechanical engineering for the steel
and nonferrous metals industry. It consists
of the two business areas SMS Demag
and SMS Meer, which jointly form SMS
metallurgy.
Schumag AG � Germany
Fax: +49 2408 12256
Email: mf-sales@schumag.de
Website: www.schumag.de
PUBLISHED: 18 Mar 09 |
