Type Private (AG) Products Tunnel boring machines Net income 39.3 € million (2013) Founded 1975 | Industry Heavy equipment Revenue 1,286 € million (2015) Founder Martin Herrenknecht Number of employees 4,955 (2015) | |
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Key people Martin Herrenknecht, President & CEO Headquarters Schwanau, Baden-Württemberg, Germany Parent organization Dr Martin Herrenknecht Verwaltungs GmbH Subsidiaries Techni-Métal Systemes SAS, Bernold AG | ||
T neles mecanizados herrenknecht ag
Herrenknecht AG is a German manufacturer of tunnel boring machines, headquartered in Allmannsweier, Schwanau, Baden-Württemberg. It is the worldwide market leader for heavy tunnel boring machines. Roughly two-thirds of the 4,600 employees work at the company headquarters in the installation of hydraulic and electronic components is carried out as well as final inspection. Approximately 300 work at three different locations across China. The company contains 82 subsidiaries around the world and has worked on 2,600 projects.
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Unveiling of world s first variable density slurry tunnel boring machine by herrenknecht ag
History
Martin Herrenknecht established the Martin Herrenknecht engineering company in 1975. This became Herrenknecht GmbH (limited liability company) two years later with capital of 20 million euros. By 1984, Herrenknecht had opened its first subsidiary abroad in Sunderland, England as Herrenknecht International Ltd.
The company later acquired shares in Maschinen- und Stahlbau GmbH of Dresden in 1991. Following the merger of Maschinen- und Stahlbau GmbH, Herrenknecht became a joint-stock company (AG) in 1998 and expanded worldwide. At this time, the name was also changed to its current form.
To increase the capacity of the Elbe Tunnel in Hamburg, Germany (completed in 2002), the firm used a 14.20m diameter TBM, which was the largest in the world. The boring of the famous Gotthard Base Tunnel in Switzerland used the firm's machinery, and was completed in 2009. Eight £10 million tunnel boring machines were commissioned for the 13 miles of Crossrail which is under London in 2011. The cutting-heads are 6.2 metres across.
In 2014 the company reported a record level of orders at 1.2 billion euros, aided by the expansion of Middle Eastern and Asian cities, especially with new metro systems.
Products and services
The company works with the mining, transport and energy sectors. It builds TBMs for road, railway, metro and utilities construction. In mining, the firm offers a range of automation technology that includes underground vehicles, conveyor belts and monitoring systems, as well as shaft drilling equipment. Oil and gas pipelines, fossil fuel exploration, geothermal energy equipment and electricity tunnels make up its business with the energy industry. Its drilling rigs can reach 8 kilometers underground and its TBMs range in diameter from 10 cm to 19 meters.
Other services include tunneling personnel, spare parts/refurbishment, installation, rental and re-use TBMs. As an international company, 90% of its sales are to the export market.
Criticism
The American government believes there is a maze of tunnels used to cover up Iran's nuclear programme, and although Herrenknecht's involvement is not known, they have completed many projects in Iran.