MAN Ferrostaal

Infobox Company
company_name = MAN AG
company_
company_type = Public company: AG
(ISIN|DE0005937007, FWB|EDF1)
foundation =
location = flagicon|GER Essen, Germany
locations = 120 countries worldwide
area_served = global
key_people = CEO: Dr. Matthias Mitscherlich, Members of the executive board: Dr. Wolfgang Knothe, Dr. Stephan Reimelt, Dr. Klaus Lesker, Michael Beck
industry = Industrial Services and Machinery Supply
products = Biofuels, Petrochemicals, Solar Power, diesel engines, turbomachines, trucks and buses, printing machinery, food processing and packaging converting, etc
services = industrial services
market c

revenue = profit € 15,5 billion (2007)cite news | first= | last= | coauthors= | title=2007, the most successful year ever in the Group's history | date=2008-02-05 | publisher=MAN AG | url =http://www.man.eu/MAN/en/Investor_Relations/Finanznachrichten/Ad-hoc-Mitteilungen/index.html? | work = | pages = | accessdate = 2008-06-07 | language = ]
operating_income = profit € 1,913 million (2007)
net_income = profit € 1,225 million (2007)
assets =
equity =
owner =
num_employees = 55,000 (Dec 2007)
parent =
divisions =
subsid =
homepage = [http://www.man.eu/ www.MAN.eu]
footnotes =
intl = yesEmployees: 4,200 (2007)Order intake (2007): 1,556 Million EuroSales (2007): 1,445 Million Euro

* MAN Ferrostaal AG [http://www.manferrostaal.com MANferrostaal.com] (roughly 20% of MAN AG sales)::Industrial services: projecting, delivery, assembly, including steel-based structures

MAN Ferrostaal is a provider of industrial services. With 4,200 employees and an annual turnover of euro 1.4 billion euro (2007), MAN Ferrostaal serves customers in more than 60 countries worldwide. MAN Ferrostaal is part of the Munich-based MAN AG group provides industrial services in two areas: Projects and Services. The company is increasingly focussing on energy and fuels. In October 2008 MAN AG signed a letter of intent to sell 70 % of the shares in MAN Ferrostaal to the Abu Dhabi-based International Petroleum Investment Company (IPIC). The cartel authorities need to approve of the transaction.

HistoryFerrostaal 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 1950ies onwards, committed itself to worldwide steel trade. During the 1960ies the company started to build industrial plants. 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.

OrganisationMAN 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 Equipmen Manufacturers (OEMs). Each division consists of four individual business units.

Projects
Biofuelsbuilding of plants for biodiesel an bioethanol

SolarSolar plants for power, process heat and cooling

PetrochemicalIndustrial Plants for the methanol, ammonia and fertilizer industries

Industrial ProjectsGas and steam plant, metallurgical plant, oil and gas facilities

EquipmentDistribution of printing- metal- and packaging machinery, pipes; transportation services

Automotive"just-in-sequence" pre-assembly of complete modules for the Automotive Industry

GovernmentalOffsettrade with governments

Shipsspecial purpose ships, like Anchor Handling Tugs and Safety Tankers Services

Link: [http://www.manferrostaal.com]

Source: Annual Report 2007 of MAN Ferrostaal AG