Krones

#3033

Rank

$3.64B

MarketCap DE

DE Germany

Country

Summary
Krones AG, together with its subsidiaries, plans, develops, and manufactures machines and lines for the production, filling, and packaging technology in Germany and internationally. It operates in two segments, Machines and Lines for Product Filling and Decoration, and Machines and Lines for Beverage Production/Process Technology. The company provides process technology systems for use in beer, craft beer, juice, milk, soft drink, water, and spirit; Steinecker phoebus membrane filters; systems for ozonisation of water; bottle design; stretch blow molders; bottle washing machines; filling technology systems; inspection technology systems; labelers; conveyors; product treatment systems; packaging technology systems; palletizing technology systems; block technology systems; and recycling systems. It also offers solutions for intralogistics, material flow technology, or warehousing for the beverage and food sector; and IT solutions. It serves breweries; beverage producers; and companies from the food, chemical, pharmaceutical, and cosmetic industries. Krones AG was founded in 1951 and is headquartered in Neutraubling, Germany.

History

Krones' corporate evolution is closely connected to the socioeconomic conditions prevalent in Germany following World War II. Hermann Kronseder, the father of the present-day chairman of the supervisory board, used his own designs to manufacture semi-automatic labellers starting with 1951. In the further development as from the 1960s, the firm's range of machinery was extended to include packers and filling systems. In 1980, the company was converted into a stock corporation as Krones AG.

With acquisitions of other companies the present-day range of machines for the beverage industry was reached:

1983: Anton Steinecker Maschinenfabrik , Freising, Germany

1988: Zierk Maschinenbau GmbH , Flensburg, Germany

1998: Max Kettner GmbH , Rosenheim, Germany

2000: Sander Hansen A/S , Brøndby, Denmark

2015: Gernep Group , Barbing, Germany

2016: System Logistics S.p.A. , Fiorano Modenese, Italy


Mission
To become the global partner of choice for the food and beverage industry by offering comprehensive and innovative solutions that meet customer needs.

Vision
To be the leading provider of integrated solutions for beverage and food production, filling and packing.

Key Team

Mr. Markus Tischer (Member of Exec. Board)

Mr. Ralf Goldbrunner (Member of Exec. Board)

Mr. Olaf Scholz (Head of Investor Relations, Treasury and M&A)

Roland Pokorny (Head of Corp. Communications)

Dr. Ulrich Noll (Head of Fin. & Admin. - Africa/Middle East)

Ingrid Reuschl (Head of PR)


Recognition and Awards
Krones AG has received numerous awards, including the “iF Design Award” and the “German Design Award”.

References
Krones
Leadership team

Mr. Christoph Klenk (Chairman of Exec. Board & CEO)

Mr. Norbert Broger (CFO & Member of Exec. Board)

Mr. Thomas Ricker (Chief Sales Officer & Member of Exec. Board)

Products/ Services
Food and Beverage, Information Technology, Machinery Manufacturing, Manufacturing, Wine And Spirits
Number of Employees
1,000 - 20,000
Headquarters
Neutraubling, Bayern, Germany
Established
1951
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
KRN.F
Social Media
Sun Mar 03 2024
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