Trelleborg AB
Encyclopedia
Trelleborg AB is a global engineering group focused on polymer
technology, with headquarters in Trelleborg
, approximately 21,000 employees (2010), and a revenue
of 27 billion SEK
(2009). Its stock
has been listed at the Stockholm Stock Exchange
since 1964, currently (2010) on the OMX
NordicList, large cap. It is active in 40 countries and describes its mission as the development of "high-performance solutions that seal
, damp
and protect in demanding industrial environments."
industry. Initially, the company had 150 employees and produced bicycle tire
s and rubber
for industrial applications. During World War I, the Swedish Armed Forces
placed substantial orders.
By the mid 1930s, the number of employees had reached 1,000. Beginning in the 1950s, the share of revenue from sales outside of Sweden
increased; in 1950, it was 4%, and in 1970, it was 40%. In 1964, Trelleborgs Gummifabriks AB was floated
at the Stockholm Stock Exchange
. The current name was adopted in 1977. Between 1983 and 1991, the strategy was to act as a wide-ranging industrial conglomerate
, with a particular focus on mining and metals. Later, the company's focus returned to rubber
products. In 1999, the scope was further narrowed by specializing in industrial applications. In 2003, polymer
-based precision seals
were added to the product offerings.
The net sales for 2009 had the following geographical distribution:
Since October 1, 2005, Peter Nilsson has been president and CEO of Trelleborg AB. The following table lists the presidents and CEOs in chronological order since the company was founded.
Polymer
A polymer is a large molecule composed of repeating structural units. These subunits are typically connected by covalent chemical bonds...
technology, with headquarters in Trelleborg
Trelleborg
Trelleborg is a locality and the seat of Trelleborg Municipality, Skåne County, Sweden with 25,643 inhabitants in 2005. It is the southernmost town in Sweden.-History:...
, approximately 21,000 employees (2010), and a revenue
Revenue
In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
of 27 billion SEK
Swedish krona
The krona has been the currency of Sweden since 1873. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it, but especially in the past, it sometimes preceded the value...
(2009). Its stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
has been listed at the Stockholm Stock Exchange
Stockholm Stock Exchange
The Stockholm Stock Exchange is a stock exchange located in Stockholm, Sweden. Founded in 1863 it is the primary securities exchange of the Nordic Countries....
since 1964, currently (2010) on the OMX
OMX
OMX AB is a Swedish-Finnish financial services company, formed in 2003 through a merger between OM AB and HEX plc and is now a part of the NASDAQ OMX Group since February 2008.It has two divisions, OMX Exchanges, which operates eight stock exchanges mainly in the Nordic and Baltic...
NordicList, large cap. It is active in 40 countries and describes its mission as the development of "high-performance solutions that seal
Seal (mechanical)
A mechanical seal is a device which helps join systems or mechanisms together by preventing leakage , containing pressure, or excluding contamination...
, damp
Damping
In physics, damping is any effect that tends to reduce the amplitude of oscillations in an oscillatory system, particularly the harmonic oscillator.In mechanics, friction is one such damping effect...
and protect in demanding industrial environments."
History
The company was founded in 1905 as Trelleborgs Gummifabriks AB (the Rubber Factory Corporation of Trelleborg) by Henry Dunker and Johan Kock, who were both already active in the rubberRubber
Natural rubber, also called India rubber or caoutchouc, is an elastomer that was originally derived from latex, a milky colloid produced by some plants. The plants would be ‘tapped’, that is, an incision made into the bark of the tree and the sticky, milk colored latex sap collected and refined...
industry. Initially, the company had 150 employees and produced bicycle tire
Tire
A tire or tyre is a ring-shaped covering that fits around a wheel rim to protect it and enable better vehicle performance by providing a flexible cushion that absorbs shock while keeping the wheel in close contact with the ground...
s and rubber
Rubber
Natural rubber, also called India rubber or caoutchouc, is an elastomer that was originally derived from latex, a milky colloid produced by some plants. The plants would be ‘tapped’, that is, an incision made into the bark of the tree and the sticky, milk colored latex sap collected and refined...
for industrial applications. During World War I, the Swedish Armed Forces
Swedish Armed Forces
The Swedish Armed Forces is a Swedish Government Agency responsible for the operation of the armed forces of the Realm. The primary task of the agency is to train, organize and to deploy military forces, domestically and abroad, while maintaining the long-term ability to defend the Realm in the...
placed substantial orders.
By the mid 1930s, the number of employees had reached 1,000. Beginning in the 1950s, the share of revenue from sales outside of Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
increased; in 1950, it was 4%, and in 1970, it was 40%. In 1964, Trelleborgs Gummifabriks AB was floated
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
at the Stockholm Stock Exchange
Stockholm Stock Exchange
The Stockholm Stock Exchange is a stock exchange located in Stockholm, Sweden. Founded in 1863 it is the primary securities exchange of the Nordic Countries....
. The current name was adopted in 1977. Between 1983 and 1991, the strategy was to act as a wide-ranging industrial conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
, with a particular focus on mining and metals. Later, the company's focus returned to rubber
Rubber
Natural rubber, also called India rubber or caoutchouc, is an elastomer that was originally derived from latex, a milky colloid produced by some plants. The plants would be ‘tapped’, that is, an incision made into the bark of the tree and the sticky, milk colored latex sap collected and refined...
products. In 1999, the scope was further narrowed by specializing in industrial applications. In 2003, polymer
Polymer
A polymer is a large molecule composed of repeating structural units. These subunits are typically connected by covalent chemical bonds...
-based precision seals
Seal (mechanical)
A mechanical seal is a device which helps join systems or mechanisms together by preventing leakage , containing pressure, or excluding contamination...
were added to the product offerings.
Operations
Trelleborg AB is divided into the following business areas:- Trelleborg Engineered Systems (customized solutions for sealing, protection and security)
- Trelleborg Automotive (polymer-based damping of sound and vibration for vehicles)
- Trelleborg Sealing Solutions (precision seals for industry, aviation and vehicles)
- Trelleborg Wheel Systems (tires and wheel systems for agriculture, forestry and materials handling)
Market
Trelleborg AB was in 2009, according to Rubber & Plastics News, the second largest player in the world market for non-tire rubber products.| Ranking by sales | Company | Country |
|---|---|---|
| 1 | Hutchinson | France |
| 2 | Trelleborg | Sweden |
| 3 | Continental | Germany |
| 4 | Bridgestone | Japan |
| 5 | NOK | Japan |
| 6 | Tokai Rubber Industries | Japan |
| 7 | Tomkins | United Kingdom |
| 8 | Freudenberg Group | Germany |
| 9 | Parker Hannifin Parker Hannifin Parker Hannifin Corporation , originally Parker Appliance Company, usually referred to as just Parker, of Mayfield Heights, Ohio , is the global leader in motion and control technologies. The company was founded in 1918, and has been publicly traded on the NYSE since December 9, 1964... |
United States |
| 10 | Cooper-Standard Automotive | United States |
The net sales for 2009 had the following geographical distribution:
| Region | Share of sales |
|---|---|
| Western Europe | 58% |
| Rest of Europe | 5% |
| North America | 18% |
| Asia and other markets | 13% |
| South and Central America | 6% |
Ownership
The 10 largest shareholders of Trelleborg AB, as of June 30, 2010:| No | Shareholder | Number of shares | Percent of share capital | Percent of votes |
|---|---|---|---|---|
| 1 | Dunker funds & foundations | 34,979,322 | 12.9 | 55.2 |
| 2 | Didner & Gerge Equity Fund | 22,786,995 | 8.4 | 4.3 |
| 3 | Alecta | 14,000,000 | 5.2 | 2.7 |
| 4 | AFA Insurance | 11,758,448 | 4.3 | 2.2 |
| 5 | DFA funds (US) Dimensional Fund Advisors Dimensional Fund Advisors is an investment firm headquartered in Austin, Texas with regional offices in Amsterdam, Berlin, London, Santa Monica, Sydney, and Vancouver. The company was founded in 1981 by David G. Booth and Rex Sinquefield, both graduates of the University of Chicago Booth School of... |
7,833,297 | 2.9 | 1.5 |
| 6 | Swedbank Swedbank Swedbank AB is a leading Nordic-Baltic banking group with 9.5 million retail customers and 534,000 corporate customers in Sweden, Estonia, Latvia, and Lithuania. In Sweden, the group has 377 branches. In the Baltic countries, it has another 224 branches... Robur funds |
6,943,934 | 2.6 | 1.3 |
| 7 | Nordea Nordea Nordea Bank AB is a Stockholm-based financial services group operating in Northern Europe. The bank is the result of the successive mergers and acquisitions of the Swedish, Finnish, Danish and Norwegian banks of Nordbanken, Merita Bank, Unibank and Kreditkassen that took place between 1997 and 2000... funds |
6,545,719 | 2.4 | 1.2 |
| 8 | Unionen | 5,039,823 | 1.9 | 1.0 |
| 9 | First Swedish National Pension Fund | 4,271,175 | 1.6 | 0.8 |
| 10 | SHB funds Handelsbanken Svenska Handelsbanken AB is a Swedish bank.-History of Svenska Handelsbanken:The history of Svenska Handelsbanken goes back to 1871 when a number of prominent companies and individuals in Stockholm's business world founded Stockholms Handelsbank... |
4,267,104 | 1.6 | 0.8 |
| Other 51,582 shareholders | 152,645,966 | 56.2 | 29.0 | |
| Total | 271,071,783 | 100.0 | 100.0 |
Governance
Since April 24, 2002, Anders Narvinger has been Chairman of Trelleborg AB. The following table lists the chairmen in chronological order since the company was founded.| Period | Chairman |
|---|---|
| August 24, 1905 - December 18, 1909 | Gustaf Lagergren |
| December 19, 1909 – May 1, 1945 | Johan Kock |
| May 2, 1945 - May 3, 1962 | Henry Dunker |
| May 17, 1962 - May 24, 1965 | Lars Gunnar Ohlsson |
| May 25, 1965 – May 25, 1970 | Hadar Hallström |
| May 26, 1970 – May 17, 1976 | Lars Gunnar Ohlsson |
| May 18, 1976 - May 30, 1985 | Åke Ståhlbrandt |
| May 31, 1985 – May 30, 1990 | Ernst Herslow |
| May 31, 1990 – April 23, 2002 | Rune Andersson |
| April 24, 2002 - | Anders Narvinger |
Since October 1, 2005, Peter Nilsson has been president and CEO of Trelleborg AB. The following table lists the presidents and CEOs in chronological order since the company was founded.
| Period | President and CEO |
|---|---|
| August 24, 1905 - May 17, 1947 | Henry Dunker |
| September 1, 1939 - July 21, 1949 (at the time, the law permitted appointment of more than one CEO) | Hilding Ståhlbrandt |
| August 29, 1949 - May 17, 1976 | Åke Ståhlbrandt |
| May 18, 1976 – April 30, 1983 | Arne Lundqvist |
| May 1, 1983 – May 30, 1990 | Rune Andersson |
| May 31, 1990 - January 26, 1999 | Kjell Nilsson |
| January, 27 1999 - February 8, 1999 | Hans Porat (temporary) |
| February 9, 1999 - September 30, 2005 | Fredrik Arp |
| October 1, 2005 - | Peter Nilsson |