MAN SE

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"MAN Group" redirects here. For the British investment company, see Man Group.
MAN SE
MAN Group
Type Public company: Societas Europaea (SE),
FWB: MAN
Founded 1758[1]
Headquarters Munich, Bavaria, Germany
Number of locations manufacturing facilities in the Ruhr area, Augsburg, and outside Germany
Area served Worldwide
Key people Georg Pachta-Reyhofen (interim CEO),
Ferdinand Piëch (Chairman of the Supervisory Board)
Industry Manufacturing,
Automotive industry,
Marine engineering
Products Trucks, buses, diesel and other engines, turbomachinery
Revenue ▲ €14.95 billion (2008)[2]
Operating income ▲ €1.729 billion (2008)[2]
Profit ▲ €1.247 billion (2008)[2]
Total equity ▲ €5.396 billion (2008)[2]
Employees ▼ 49,472 as of 30 June 2009 (2009 -06-30))[3]
Divisions MAN Nutzfahrzeuge AG,
MAN Diesel SE,
MAN Latin America,
MAN Turbo
Website MAN.eu
This logo is on the front of all MAN trucks and buses. The lion comes from Büssing AG, a company that MAN acquired in 1971.

MAN SE, formerly MAN AG, is a mechanical engineering company and parent company of the MAN Group. MAN SE is based in Munich, in the German State of Bavaria. Its primary output is for the automotive industry, particularly heavy trucks. Further activities include the production of diesel engines for various applications, like ship propulsion, and also turbomachinery.[4]

MAN is one of the world's leading manufacturers of engineering equipment and commercial vehicles. MAN supplies trucks, buses,[4] diesel engines,[4] turbomachinery,[4] as well as industrial services, and holds leading market positions in all its business areas.[4] MAN SE is one of the top 30 companies listed on the German stock exchange (DAX).[4] It also is the oldest company within the DAX. The company celebrated its 250th anniversary in 2008.[4][5] In 2008, its 51,300 employees generated annual sales of around €15 billion in 120 different countries. The company has joint ventures and other cooperations with local companies in India, Poland, Turkey, and the United States.

MAN is securely positioned in the field of transport engineering, having won numerous prizes. Among those are the Truck of the Year award in 2006, as well as in 2008, the Bus of the Year award 2006, and recently, the German business Innovation Prize[6] (German: Innovationspreis der deutschen Wirtschaft) in the Major Enterprises category for its innovative 32/40PGI gas engine which pioneers the combination of the Diesel and Otto principles.[7]

Contents

[edit] Corporate overview

The MAN Group currently operates its production output through four main subsidiaries, with each subsidiary's output destined for differing geographic locations.

  • MAN Nutzfahrzeuge AG (English: MAN Commercial Vehicles) is one of Europe's leading commercial vehicle manufacturers.
  • MAN Diesel SE is a world leader in large diesel ship engines and stationary engines.
  • MAN Latin America has a leading position in heavy trucks in Brazil.
  • MAN Turbo offers the largest turbomachinery product range in the world.
MAN TGX truck
MAN marine internal combustion engine
MAN diesel engine
MAN steam turbine
MAN VW Constellation truck

[edit] History

MAN traces its origins back to 1758, when the "St. Antony" ironworks commenced operation in Oberhausen,[1] as the first heavy-industry enterprise in the Ruhr region.[1] In 1808, the three ironworks "St. Antony", "Gute Hoffnung" (English: "Good Hope"),[1] and "Neue Essen" merged, to form the Hüttengewerkschaft und Handlung Jacobi (English: "Iron Mining and Trading Company"), Oberhausen, which was later renamed Gute Hoffnungshütte (GHH). In 1921, GHH bought up M.A.N., the South German predecessor of MAN.

In 1908, the Vereinigte Maschinenfabrik Augsburg und Maschinenbaugesellschaft Nürnberg A.G., Augsburg[1] ("United Machine Works Augsburg and Nuremberg Ltd."), which came into being through the 1898 merger of Maschinenbau-AG Nürnberg[1] (founded 1841), and the Maschinenfabrik Augsburg AG (founded 1840) was renamed Maschinenfabrik Augsburg Nürnberg AG, Augsburg, or in short M.A.N.

The early predecessors of MAN were responsible for numerous technological innovations, such as the first German rotary printing press for newspapers, the first refrigerating machine "System Linde" (1873), and co-operation in the development of the diesel engine between 1893-97. In those years Rudolf Diesel’s invention was realized with the help of the engineers at the Maschinenfabrik Augsburg.[1]

During 1921, the majority of M.A.N. was taken over by the Gutehoffnungshütte Actienverein für Bergbau und Hüttenbetrieb, Sterkrade (GHH), (founded 1873).[1]

In 1924, the company showed a diesel truck at the Berlin Motor Show, which was purchased in numbers by the Bavarian Post Office.[8]

During the 1930s, MAN marine diesels were produced under license in the U.S., and installed in their fleet submarines, where they proved troublesome and unpopular in the Pacific War.[9]

Early in 1942, using a hull designed by MAN, along with a Rheinmetall-Borsig-designed turret, the Panther tank used by Germany in World War II was created and deployed in Europe.

[edit] Post war

After the Second World War, M.A.N. GHH lost all its foreign operations and suffered heavy war damage[clarification needed]. Allied Forces took control of all GHH companies and broke up the company, placing the steel production facilities into separate ownership. Thus the focus shifted towards the South German plants and commercial vehicles.

In 1986, GHH was merged into M.A.N., with its headquarters in Munich.[1]

The MAN Group took over the truck builder Steyr Nutzfahrzeuge AG (formerly know as Steyr-Daimler-Puch AG) of Vienna, Austria in 1991, which also has truck building works in Turkey (MAN-A.S.) and India (Shakti-MAN).[10]

[edit] 21st Century

On 18 September 2006, MAN made a €10.3 billion offer for a takeover of Scania AB, one of the leading truck and bus companies in Sweden. MAN AG bought 15.6% of the voting shares in Scania AB. Volkswagen Group (VWAG), Scania's largest shareholder, acquired a stake of 20% of MAN, and has since raised that stake to 29%. VWAG has a majority stake in Scania, owning over 51% of the company. It was widely expected that the two truck manufacturers would be combined, and that a combined MAN-Scania would also absorb Volkswagen Trucks and Buses, Volkswagen Group's Brazilian heavy truck (now former) subsidiary of Volkswagen Commercial Vehicles. A more recent interview with VWAG CEO Martin Winterkorn stated that Volkswagen Group has no immediate plans to attempt to merge Scania and MAN, but he would also not rule out a MAN takeover of VWAG's Volkswagen Trucks and Buses. However, in the first quarter 2009, Volkswagen Group sold its Brazilian Truck and Bus operations - Volkswagen Caminhões e Ônibus Indústria e Comércio de Veículos Comerciais Ltda, to MAN SE.[11] It was also originally speculated that Volkswagen intended to acquire MAN Truck and Bus division by the end of 2008.[12] This has not been officially confirmed, and there has been no current action by VWAG in attempting to acquire MAN shares, or to buy the company's commercial vehicle division.

In 2008, MAN celebrated the 250th anniversary of the company, with a gala event in Munich, exhibitions in the Deutsches Museum in Munich, the corporate museum in Augsburg, and the Rheinisches Industriemuseum in Oberhausen. One highlight should be an "Oldtimer Truck Convoy" on a historical route from Munich over Augsburg to Nuremberg in June.

On 19 May 2009, MAN completed the switch from a German Aktiengesellschaft (AG) public company to a European public company or Societas Europaea (SE).[13]

[edit] Subsidiaries

MAN Nutzfahrzeuge AG
MAN-MN.com (roughly 50% of overall sales; 88% of division sales come from European market)
Commercial vehicles: trucks (61% of group sales), aftermarket parts and service (18%), MAN AG Buses and Neoman Buses (14%), engines and components (7%)
MAN Diesel SE
MANdiesel.com
2-stroke and 4-stroke diesel and petrol engines: large marine and stationary diesel engines, engines for vehicles, industrial applications, power stations, yachts, passenger ships, ships, and work-boats (tankers, tugboats, icebreakers), railways.
MAN Latin America
VWTrucksAndBuses.com
former Volkswagen Trucks and Buses (Volkswagen Caminhões e Ônibus Ltda.)
MAN Turbo AG
MANturbo.com
Turbomachines: compressors and turbines for process industry and power generation worldwide; used in oil and natural gas, refinery, chemical and petrochemical, fertilizers, industrial gases, iron and steel processing and mining, power generation applications.
MAN Ferrostaal AG
(30% stake, remainder owned by International Petroleum Investment Company)
Industrial services: projecting, delivery, assembly, including steel-based structures
RENK AG
RENK.biz
Vehicle Transmissions, Industrial Gear Units, Marine Gear Units, Slide Bearings, Couplings
Sinotruk
(25% stake acquired 24 July 2009)

[edit] MAN Nutzfahrzeuge AG products

MAN TGA 28.350 low-entry cabin waste collection truck
2nd-hand MAN Lion's City bus in Bangkok, locally outfitted to use CNG
A MAN AG container crane for intermodal containers, belonging to Patrick Corporation at Port Botany, New South Wales, Australia.

[edit] Trucks and military vehicles

[edit] Buses

Main articles: MAN AG Buses, Neoman Bus, and Neoplan

[edit] See also

Search Wikimedia Commons Wikimedia Commons has media related to: MAN AG

[edit] References

  1. ^ a b c d e f g h i "MAN SE - The MAN Group's History - Industrial Pioneering". MAN SE. MAN.de. http://www.man.de/MAN/en/Unternehmen/Die_MAN_Gruppe/Firmenhistorie/. Retrieved 23 November 2009. 
  2. ^ a b c d "MAN SE Key Figures - at a glance". MAN SE. MAN.de. http://www.man.de/MAN/en/Unternehmen/Die_MAN_Gruppe/Kennzahlen/. Retrieved 23 November 2009. 
  3. ^ "MAN SE Employees". MAN SE. MAN.de. http://www.man.de/MAN/en/Unternehmen/Die_MAN_Gruppe/Mitarbeiter/. Retrieved 23 November 2009. 
  4. ^ a b c d e f g "MAN Group Overview". MAN SE. MAN.de. http://www.man.de/MAN/en/Unternehmen/Die_MAN_Gruppe/. Retrieved 23 November 2009. 
  5. ^ MAN SE
  6. ^ German business Innovation Prize (German)
  7. ^ "MAN Diesel SE wins German business Innovation Prize - Pioneering combination of the Diesel and Otto principles". MAN SE - Press Release. MAN.de. 2008-01-21. http://www.man.de/MAN/en/Investor_Relations/Finanznachrichten/Pressemitteilungen/Pressearchiv_2008/index.html?qry=080121_MD_innovationspreis.html. Retrieved 23 November 2009. 
  8. ^ Great Trucks
  9. ^ Blair, Clay, Jr. Silent Victory (Philadelphia: Lippincott, 1975).
  10. ^ The World Encyclopdia of Trucks, by Peter J. Davies, pub by Select Editions, ISBN 1-84309-201-8
  11. ^ "Volkswagen sells heavy truck business in Brazil to MAN". Volkswagen Aktiengesellschaft. VolkswagenAG.com. 15 December 2008. http://www.volkswagenag.com/vwag/vwcorp/info_center/en/news/2008/12/Volkswagen_veraeussert_Nutzfahrzeuggeschaeft_in_Brasilien_an_MAN.html. Retrieved 9 November 2009. 
  12. ^ Reuters.com - Volkswagen plans full MAN takeover in '08
  13. ^ "MAN becomes a European stock corporation". www.man.eu. MAN SE. 2009-05-26. http://www.man.eu/MAN/en/Investor_Relations/Finanznachrichten/Pressemitteilungen/index.html?qry=20090526-manse. Retrieved 17 December 2009. 

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