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Liebherr

Swiss heavy equipment company


Swiss heavy equipment company

FieldValue
nameLiebherr-International AG
logoLiebherr-Logo.svg
logo_captionLogo since 2021
imageLiebherr in Gillette, Wyoming.jpg
image_captionLiebherr in Gillette, Wyoming, U.S.
native_name_lang
typeAktiengesellschaft
industryHeavy machinery
Domestic appliances
founderHans Liebherr
founded
Kirchdorf an der Iller, West Germany
defunct
hq_location_cityBulle
hq_location_countrySwitzerland
num_locations_year
area_served
key_people
productsConstruction and agriculture machinery, refrigerators
production_year
revenue€14.042 billion
revenue_year2023
operating_income€603 million
income_year2019
net_income€367 million
net_income_year2023
aum
assets€16.404 billion
assets_year2023
equity€8.901 billion
equity_year2023
owner
members_year
num_employees53,659
num_employees_year2023
module
ratio
rating
website

Domestic appliances Kirchdorf an der Iller, West Germany

Liebherr () is a German-Swiss multinational equipment manufacturer based in Bulle, Switzerland, with its main production facilities and origins in Germany.

Liebherr consists of over 130 companies organized into 11 divisions: earthmoving, mining, mobile cranes, tower cranes, concrete technology, maritime cranes, aerospace and transportation systems, machine tools and automation systems, domestic appliances, and components. It has a worldwide workforce over 53,000, with fourteen billion euros in revenue for 2023.

Established in 1949 by Hans Liebherr in Kirchdorf, Württemberg-Hohenzollern, West Germany, the business is still entirely owned by the Liebherr family. After his death in 1993, Isolde and Willi Liebherr, Hans' daughter and son led the company, becoming vice president and president of the administrative board respectively of the Switzerland–based Liebherr-International AG in 1999. In March 2023, Stéfanie Wohlfarth became vice president and Jan Liebherr president of the administrative board. Isolde Liebherr and Willi Liebherr remain members of the administrative board and several other family members are actively involved in corporate management. In 2005, Forbes magazine listed them as billionaires. In 1974, the Franklin Institute awarded Hans Liebherr the Frank P. Brown Medal.

History

Hans Liebherr was drafted for military service in World War II. During the war, Liebherr served with the Ulm Pioneer Battalion 101, which was subordinate to the 101st Light Infantry Division and fought under Army Group South in the German-Soviet War. After the war, he started by building affordable tower cranes; Liebherr expanded into making aircraft parts, it is a significant supplier to European Airbus airplane manufacturer—and commercial chiller displays and freezers, as well as domestic refrigerators. The group also produces some of the world's biggest mining and digging machinery, including loaders, excavators, and extreme-sized dump trucks. The T 282 B is the world's second-largest truck (after BelAZ 75710). The group's nine-axle mobile crane, the LTM 11200–9.1—with a 100 m telescopic boom—in 2007 received the heavy-lifting industry's Development of the Year award for being the world's most powerful example of such a machine. Another example is the LHM 600, which has been the largest mobile harbour crane in the United States since its delivery to Port Canaveral in 2019.

Over the years, the family business has grown into a group of varied companies, and has locations in many countries, including Germany, Australia, Britain, Ireland, Turkey, and the United States. Since 1958, its Irish factory in Killarney, County Kerry, has built container cranes, exporting them worldwide through the port of Fenit. In Australia, the group in 2013 commenced an AU$65 million expansion of their local headquarters in Adelaide. The development includes adding a new three-storey office, workshops, warehouse, component plant, and distribution centre to the Para Hills facility. In the U.S., the group in 2012 started spending US$45.4 million (about €34.1 million) on a three-year renovation and expansion of its Newport News, Virginia, factory, offices, and warehouse. The company sought to increase its production there beyond 100 mining trucks a year. On 19 February 2013, representatives from the Commonwealth of Virginia and the cities of Newport News and Hampton announced that they would make grants and incentives available for transport improvement, training, and property investment. In addition, the Liebherr Group owns six hotels in Ireland, Austria and Germany.

In April 2014, Liebherr announced that it would invest €160 million at its production site in Bulle.

By 2017, Liebherr had expanded its workforce to 43,869 employees. That same year, the company announced it had achieved the highest turnover in the Group's history, with sales of €9,845 million. In 2018, Liebherr generated a turnover of €10,551 million, exceeding €10 billion for the first time in the company's history.

In March 2020, Liebherr launched their first APAC HQ in Singapore, alongside their bespoke $35,000 SGD Bespoke Luxe Refrigerator.

Products

The line of products manufactured by the company includes:

  • Earth-moving equipment
  • Mining equipment
  • Cranes: mobile, crawler, tower, maritime, mobile construction
  • Diesel engines
  • Deep foundation machines
  • Concrete-handling equipment
  • Material-handling equipment
  • Electric motors
  • Port (container-handling) equipment
  • Machine tools
  • Automation systems
  • Domestic refrigerators and freezers
  • Aircraft equipment
  • Hotels
  • Mechanical, hydraulic, electrical, and electronic components and subcomponents

References

References

  1. (4 January 2023). "Liebherr Group appoints new President and Vice President to its administrative board". liebherr.com.
  2. [https://www.liebherr.com/shared/media/annual-report/annual-report-2023/pdf/facts-and-figures-2023.pdf, Liebherr Annual Report, Undated]. Retrieved: 11 Jul 2024
  3. [http://www.liebherr.com/en-GB/691.wfw "Portrait of the LiebHerr Group"] {{Webarchive. link. (2014-06-13 , Liebherr corporate website, Undated. Retrieved: 14 March 2013.)
  4. "Die 300 Reichsten". handelszeitung.ch.
  5. (4 April 2023). "Zweite auf dritte Generation". vertikal.net.
  6. (18 January 2023). "Laureates Search".
  7. (21 January 2019). "New mobile harbor crane arrives at Port Canaveral". American Journal of Transportation.
  8. [http://www.miningaustralia.com.au/news/liebherr-starts-$65m-expansion "Liebherr starts $65m expansion", Australian Mining, 4 April, 2013]. Retrieved: 10 January 2014.
  9. [http://www.liebherr.com/en-GB/140843.wfw ''Expansion Projects for Manufacturing Program of Mining Trucks'', Liebherr Group (US), 22 February 2013] {{Webarchive. link. (9 February 2014 . Retrieved: 14 March 2013.)
  10. "The hotels of the Group". Liebherr Group.
  11. (4 April 2014). "Liebherr to Invest over $220 million in Component Production". Construction Pros.
  12. Slow, Elizabeth. (2018-06-14). "Liebherr Group confirms expansion plans".
  13. (2018-04-16). "Liebherr's highest ever turnover".
  14. (2019-04-05). "Liebherr Group achieves over ten billion euro in annual turnover for the first time".
  15. Liebherr, APAC HQ. (2020-03-20). "Liebherr launches first Flagship Store in Asia Pacific".
  16. Liebherr, APAC HQ. (2020-02-18). "Brand Launch News: Launch of Liebherr Appliance Flagship Store in APAC".
  17. "Components".
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