SHV Holdings

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SHV Holdings N.V.
Privately held holding company
FoundedApril 1, 1896; 124 years ago (1896-04-01)
Area served
Key people
Stephan Nanninga, CEO
RevenueIncrease EUR 20 billion (2018) [1]
Decrease EUR 515 million (2018)) [2]

SHV Holdings is a privately owned Dutch trading company, regarded as one of the world's largest private trading groups. SHV is a highly diversified company, with interests in transport, retail, oil, food and financial services.[3][4] It currently employs around 60.000 people.


One of a series of old Lloyd's registers from former SHV offices in IJmuiden. Currently in the library of the Zee- en Haven Museum there. The SHV managed the transport of coal ("Steenkool") in the IJmuiden harbour.


On 1 April 1896, eight Dutch coal wholesalers merged to found the Steenkolen Handels-Vereniging (Coal-trading company), as a response to the formation of the German Rhenish-Westphalian Coal Syndicate (Rheinisch-Westfälisches Kohlen-Syndikat).[5] By 1904, the company had secured exclusive rights to trade Westphalian coal in the Netherlands.[6] Under the guidance of director Frits "FH" Fentener van Vlissingen, SHV's stature in the Netherlands went from strength to strength. Under his direction, SHV moved its headquarters from Rotterdam to Utrecht, to take advantage of the city's position as the hub of the Dutch railway network. By 1910, SHV had positioned itself as one of the foremost trading forces in the Netherlands.[7]

Thanks to his expertise in the coal trading business, Fentener van Vlissingen was appointed as director of the State Coal Board, which managed coal distribution in the Netherlands during the First World War.[7] Although the Netherlands was neutral, the war years were difficult for SHV, as Westphalian coal output was assigned to support the German war effort. Nevertheless, in 1917 SHV established a holding company, Administratiekantoor Unitas to exploit a German anthracite mine. This entity (simply called "Unitas") became SHV's first investment arm, providing foundation capital for companies like Koninklijke Hoogovens and KLM.[6]

The 1920s also brought about a major change in the Dutch industrial sector: a slump in fishing led to the consolidation of three major shipping companies[8] and their new energy needs also affected the SHV. In response to these changes, SHV established its first oil bunker station and sold crude for the motor vessels of the recently merged shipping companies.[8] The shifts in energy economics in the Netherlands followed changes taking place around the world. In 1914, close to 94% of ships around the world were fuelled by coal; by 1939 this had fallen to 48%. Oil was preferred over coal because it burned more efficiently: in some cases, shipping companies saved up to 40% in operating costs by switching to motor vessels.[clarification needed][9]


On 10 May 1940, Germany attacked Belgium, France, Luxembourg and the Netherlands. After four days of fighting, the Dutch government capitulated and the occupation of the Netherlands began.

After the war, SHV had to cope with the economic difficulties of a continent in ruins. As coal's importance continued to decrease, SHV expanded its interests in shipping and retail. In 1964, the company established the Makro cash-and-carry stores.


By 1995 they were the largest trading company in the Netherlands.[5]


In April 2015, SHV completed the takeover of animal feed manufacturer Nutreco[10]

Corporate Affairs[edit]

SHV Headquarters in Utrecht


Stephan Nanninga has been the CEO of SHV Holdings since June 2014 [11]


Coat of arms of Utrecht

The SHV logo is inspired by the coat of arms of Utrecht, to which SHV moved from Rotterdam under the directorship of FH Fentener van Vlissingen.[7]

Companies owned by SHV Holdings[edit]

  • SHV EnergyLiquefied petroleum gas
  • Primagaz – SHV Energy used name in some countries
  • Makro – Food and non-food consumer articles
  • Dyas – E&P of oil and gas
  • Prins Autogas – Alternative fuel systems
  • EVAS – LPG cylinders and automotive LPG tanks
  • TCEC – Investment in renewable energy
  • NPM Capital – Private equity
  • Mammoet – Heavy lifting and transport
  • ERIKS – Equipment supply, technical and logistic services and maintenance
  • Ipragaz – Liquefied petroleum gas, liquefied natural gas, oil distribution and electricity wholesale
  • Nutreco – Animal nutrition and feed

See also[edit]


  1. ^
  2. ^
  3. ^ Gallagher, Paul (28 April 2003). "Rich laird with passion that's priceless". The Scotsman.
  4. ^ Bray, Chad (20 October 2014). "SHV Holdings to Pay $3.4 Billion for Dutch Supplier of Animal Food". New York Times.
  5. ^ a b Jones, Geoffrey (1998). The Multinational Traders. Routledge. pp. 87–88. ISBN 0-415-18002-3.
  6. ^ a b
  7. ^ a b c F.H. van Vlissingen in inghist
  8. ^ a b
  9. ^ Burley, Kevin (1968). British Shipping and Australia 1920-1939. Cambridge University Press., p. 95
  10. ^ "Nutreco to delist from stock exchange as of April 17". Retrieved 2015-04-28.
  11. ^ Kosterman, Ron (October 20, 2014), "De zeven pijlers onder het succes van miljardenbedrijf SHV", Elsevier

External links[edit]