Ferrostaal is a provider of industrial services. With 4,400 employees and an annual turnover of euro 1.6 billion euro (2008), Ferrostaal serves customers in more than 60 countries worldwide. Ferrostaal provides industrial services in two areas: Projects (Petrochemicals, Industrial Plants, Solar Energy and Power) and Services (Equipment, Piping, Automotive). In 2009, the International Petroleum Investment Company (IPIC) of Abu Dhabi has taken over 70 % of the shares of Ferrostaal AG from MAN AG

MAN AG

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...

, Munich. Due to the acquisition of the majority shares, the company entered the commercial register as Ferrostaal, underlining its separation from the MAN Group.

History

Ferrostaal was founded in The Hague, Netherlands in 1920. The steel trading company was bought by Gutehoffnungshütte Aktienverein (GHH) in 1926. Ferrostaal expanded into many countries and, from the 1950s onwards, committed itself to worldwide steel trade. During the 1960s the company started to build industrial plants. Until the end of the 1960s, Ferrostaal was also known as manufacturer of diesel railcar

Railcar

A railcar, in British English and Australian English, is a self-propelled railway vehicle designed to transport passengers. The term "railcar" is usually used in reference to a train consisting of a single coach , with a driver's cab at one or both ends. Some railways, e.g., the Great Western...

s and railbus

Railbus

A railbus is a very lightweight type passenger rail vehicle that shares many aspects of their construction with a bus, usually having a bus, or modified bus body, and having four wheels on a fixed base, instead of on bogies...

es. In 2004 it was renamed MAN Ferrostaal. Three years later the corporation sold two thirds of its steel business. In 2007 Solar and Biofuels were created as new strategic business areas. As a result of IPIC taking over the majority of shares of MAN Ferrostaal AG, the company changed its name into Ferrostaal AG.

Organisation

Ferrostaal consists of the divisions Projects and Services. Projects is responsible for the construction of large plants. In the Services division the company acts as a sales and service partner for Original Equipment Manufacturers (OEMs). Each division consists of several individual business units.

Projects

• Biofuels building of plants for biodiesel and bioethanol
• Solar
  Solar power
  Solar energy, radiant light and heat from the sun, has been harnessed by humans since ancient times using a range of ever-evolving technologies. Solar radiation, along with secondary solar-powered resources such as wind and wave power, hydroelectricity and biomass, account for most of the available...
  
   Solar plants for power, process heat and cooling
• Petrochemical
  Petrochemical
  Petrochemicals are chemical products derived from petroleum. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as corn or sugar cane....
  
   Industrial Plants for the methanol, ammonia and fertilizer industries
• Industrial Projects Gas and steam plant, metallurgical plant, oil and gas facilities
• Equipment Distribution of printing- metal- and packaging machinery, food processing machinery, pipes; transportation services
• Automotive"just-in-sequence" pre-assembly of complete modules for the Automotive Industry
• Governmental Offsettrade with governments
• Ships special purpose ships, like Anchor Handling Tugs and Safety Tankers

External links

• Ferrostaal official website: www.ferrostaal.com
• Annual Report 2008 of Ferrostaal AG