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Jungheinrich

#3108

Rank

$4.69B

Marketcap

DE Germany

Country

Jungheinrich
Leadership team

Mr. Hans-Georg Frey (Chairman of Supervisory Board)

Dr. Lars Brzoska (Chairman of Management & Corp. Labor Director)

Dr. Volker Hues (Member of the Board of Management of Fin.)

Products/ Services
Industrial Engineering, Logistics, Manufacturing, Mechanical Engineering
Number of Employees
1,000 - 20,000
Headquarters
Hamburg, Hamburg, Germany
Established
1953
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
JUN3.F
Social Media
Overview
Location
Summary
Jungheinrich Aktiengesellschaft, through its subsidiaries, manufactures and supplies products and solutions in the fields of warehousing and material handling equipment, automated systems, digital solutions, and matching services worldwide. It operates through Intralogistics and Financial Services segments. The Intralogistics segment develops, produces, sells, and rents new material handling equipment and warehousing equipment products; sale and short-term leasing of used trucks; and provides spare parts, as well as maintenance and repair services. The Financial Services segment engages in the sales financing and usage transfer of material handling and warehousing equipment products. The company's products portfolio includes pedestrian trucks, horizontal and vertical level order pickers, narrow aisle trucks, automated guided vehicles, stacker cranes, load handling equipment, reach trucks, stackers, tow tractors, low lift and double decker trucks, and electric drive trains, as well as pallet trucks; counterbalanced trucks; small-series and customized trucks; powertrain solutions; and electronic control units, lithium-ion batteries, and chargers. It also develops and distributes warehouse and fleet management systems, steering softwares for conveyor systems, and other digital solutions, as well as automation systems; and develops software solutions. The company distributes its products through its direct sales and service network, as well as through dealers. Jungheinrich Aktiengesellschaft was founded in 1953 and is headquartered in Hamburg, Germany.
History

Friedrich Jungheinrich founded H. Jungheinrich & Co. Maschinenfabrik on 7 August 1953 in Hamburg. The first foreign branch was opened in Austria in 1956. In 1958, the company headquarters opened with a plant in Hamburg-Wandsbek. On 11 July 1960 Jungheinrich AG was founded as a Swiss subsidiary under the name "Ameise GmbH", headquartered in Aarau.A site in Friedrichsgabe in today’s Norderstedt was acquired in 1966 and production was gradually relocated from Hamburg to this site until 1984. The company founder Friedrich Jungheinrich died on 28 January 1968. In 1974, the rental and used truck business started with its own organization. The new plant in Lüneburg was built in 1989. The first Eastern European branches were established in the Czech Republic and Hungary in 1991.

In 1994, Jungheinrich acquired the Steinbock und Boss Group. The production facilities in France, Great Britain and Spain were closed and production was relocated to Germany. In 2002, the Group brands MIC, Steinbock and Boss were abandoned and since then, trucks have only been sold under the Jungheinrich brand name. The Dr. Friedrich Jungheinrich Foundation was established in 2004 to promote scholarships for students specialized in mechanical engineering or industrial engineering. In 2005, the company presented the world's first forklift with a rotating cab.In 2006, an assembly plant opened in Qingpu near Shanghai, China. Electric pedestrian-controlled pallet trucks are assembled here. The manufactured low-platform and high-platform trucks are used to supply Jungheinrich's sales operations in China and the Asian market. Also in 2006, the Dresden Used Equipment Centre for the reconditioning of used trucks commenced operations. In 2009, Jungheinrich started the production of battery-powered low-platform trucks at its new plant in Landsberg in Saxony-Anhalt. In 2013, a plant for warehouse and system trucks was inaugurated in Moosburg an der Isar, the new central warehouse for spare parts in Kaltenkirchen and the new plant for industrial trucks for the Asia-Pacific region in Qingpu. At the beginning of October 2015, a new spare parts warehouse went into operation at the Kuzayevo site near Moscow.

This is operated by logistics service provider Kühne + Nagel Contract Logistics and is intended to supply not only Jungheinrich customers in Russia, but also in its neighboring states, with spare parts. At the end of 2015, the company also took over the Munich-based MIAS Group, which specializes in mechanical engineering in warehouse logistics. On 1 July 2015 Jungheinrich also expanded the Board of Management to include the Logistics Systems Division under Klaus-Dieter Rosenbach. In 2021, Jungheinrich generated sales revenue of 4.24 billion euros with 19,103 employees. The head office is located in Hamburg-Wandsbek, where the company moved into its own new building at the beginning of 2016. Its design was created by the Hamburg architects Prof. Klaus Sill & Assoziierte, with MBN Bau AG, Georgsmarienhütte, as general contractor, carrying out the construction work.

Mission
We master new tasks – to provide customers with clever solutions that move the world. We develop our technological leadership. Sustainable products, services, processes and systems. We focus on our customers’ requirements and make sure simple, sustainable and constructive solutions to help our customers.
Vision
We aspire to be the innovation leader in the material handling industry. We use innovative processes, products and services to create industry-changing ideas that will create success for our customers, employees and shareholders.
Key Team

Mr. Christian Erlach (Member of the Board of Management of Sales)

Ms. Sabine Neuss (Member of the Board of Management of Technics)

Ms. Andrea Bleesen (Head of Investor Relations)

Mr. Thomas Heyn (Exec. HR Director)

Mr. Markus Piazza (Head of Corp. Communications)

Mr. Frank Strasmann (Managing Director of Sales)

Dr. Stefan Seemüller (Head of Project Sales)

Recognition and Awards
Jungheinrich has been awarded several awards in the past, including the World Materials Handling Product Award, the World's Most Innovative Companies Award, the German Engineering Award and the International Design Excellence Award. The company has also won the Reader's Digest Quality Leader Award, the Industry Award for Logistics Technology and the Logistics Award for Energy Efficiency.
References

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Jungheinrich
Leadership team

Mr. Hans-Georg Frey (Chairman of Supervisory Board)

Dr. Lars Brzoska (Chairman of Management & Corp. Labor Director)

Dr. Volker Hues (Member of the Board of Management of Fin.)

Products/ Services
Industrial Engineering, Logistics, Manufacturing, Mechanical Engineering
Number of Employees
1,000 - 20,000
Headquarters
Hamburg, Hamburg, Germany
Established
1953
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
JUN3.F
Social Media