Revenue 135 millions € (2007) Headquarters Altleiningen, Germany Number of employees 1,350 | Website www.drahtzug.com Founded 2001 Type Limited company | |
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Industry metal industry,
wire goods, welding- and modification rod Key people Wolfgang Stein (CEO), Peter Staab (CFO) | ||
Drahtzug Stein (own spelling: DRAHTZUG STEIN) is an internationally operating consortium of ten companies consolidated in the holding company. The holding is based in Altleiningen in the Rhineland-Palatinate administrative district of Bad Dürkheim. The parent company is located in the Palatinate Forest.
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History
1423 was the beginning of copper and iron mining in the Altleiningen valley. Johann Nikolaus II Gienanth leased an iron smelt from the Court of Leiningen in 1729. In 1811, Napoleon Bonaparte issued the permit to build a wire drawing factory in Altleiningen which was acquired by the Kuhn-family in 1860. In 1941, Georg Stein acquired the wire drawing factory which produced mainly dowels and chains at that time.
In 1948, the product range was extended and new machines were purchased. Nine years later, in the year 1957, the company launches the production of wire goods. The limited commercial partnership Drahtwarenfabrik Drahtzug Stein developed from the company in 1961 and one year later the production of dishwasher baskets has started. In 1964, the company developed a patented system for the production of seamless flux-cored wires which went into production two years later.
In 1973, the company founded its first subsidiary Drahtzug Stein saprofil (Société Sablaise de Produits en Fil de Fer) in France. The company is located in Olonne-sur-Mer on the Atlantic coast. Due to up to date manufacturing, the company is market leader in galvanized and plastic coated wire goods for the appliance industry in France. In 1975, a spool for welding rod was patented. The independent marketing and sales of welding consumables started in 1997
2000 - 2009
In 2000, the corporation acquired an interest in the company Califil in France. The company Drahtwarenfabrik Drahtzug Stein GmbH & Co. KG was converted into a holding company in 2001.
In 2003, the Drahtzug Stein Beteiligungsgesellschaft mbH (investment company) was founded. In the following year, the company DSWI sp.zo.o. (today: Drahtzug Stein lodz) was established as joint venture with Wire Industries in Lodz, Poland. With these measures, Drahtzug Stein follows the outsourcing of the appliance industry to Eastern Europe. Here, the production started in 2005. In 2006, the competitor Wire Industries was acquired by the Drahtzug Stein holding. The Italian and Spanish brands of Wire Industries, omim and come, have been continued independently. The production area in Lodz quadrupled in 2007.
In 2005, the subsidiary Drahtzug Stein spb was established in St. Petersburg, and in 2007, Drahtzug Stein usa Corp. was founded in the United States. The workforces increased from initially eight workers (in 1941) to about 550 (in 2009) in the parent plant in Altleiningen. The consortium itself occupied around 1,350 employees in 2009.
Logo
The thinner blue stripes symbolize the thin to thick diameters of wires, which are supposed to symbolize the look ahead as well as the ambitiousness of Drahtzug Stein. The long blue stripe represents the base, the foundation of the company over the entire spectrum.
Structure of the consortium
The Drahtzug Stein holding consists of ten subsidiaries. These subsidiaries bear the entrepreneurial responsibility for their department and are regionally and globally in the holding’s custody responsible for the management of their business activities. The consortium is divided into three business fields: