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Liebherr

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Liebherr-International AG
Company typeAktiengesellschaft
IndustryHeavy machinery
Domestic appliances
Founded1949; 75 years ago (1949)
Kirchdorf an der Iller, West Germany
FounderHans Liebherr
Headquarters
Bulle
,
Switzerland
Key people
  • Jan Liebherr, President
  • Stéfanie Wohlfahrt, Vice President[1]
ProductsConstruction and agriculture machinery, refrigerators
RevenueIncrease €14.042 billion[2] (2023)
Increase €603 million[2] (2019)
Increase €367 million[2] (2023)
Total assetsIncrease €16.404 billion[2] (2023)
Total equityIncrease €8.901 billion[2] (2023)
Number of employees
Increase 53,659[2] (2023)
Websiteliebherr.com

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.[2] By 2007, it was the world's largest crane company.

Established in 1949 by Hans Liebherr[3] 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.[4] Isolde Liebherr and Willi Liebherr remain members of the administrative board[1][5] 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.[6]

History

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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-metre (328 ft) 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.

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.[7] 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.[8] In addition, the Liebherr Group owns six hotels in Ireland, Austria and Germany.[9]

In April 2014, Liebherr announced that it would invest €160 million at its production site in Bulle.[10]

By 2017, Liebherr had expanded its workforce to 43,869 employees.[11] That same year, the company announced it had achieved the highest turnover in the Group's history, with sales of €9,845 million.[12] In 2018, Liebherr generated a turnover of €10,551 million, exceeding €10 billion for the first time in the company's history.[13]

In March 2020, Liebherr launched their first APAC HQ in Singapore,[14] alongside their bespoke $35,000 SGD Bespoke Luxe Refrigerator.[15]

Controversies

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Liebherr has faced widespread criticism for continuing its business operations in Russia following the country's invasion of Ukraine in February 2022. Advocacy groups, including 'Leave Russia' and B4Ukraine, have highlighted Liebherr's ongoing activities in Russia, accusing the company of indirectly supporting the Russian economy amid the conflict. The B4Ukraine report notes that Liebherr's decision to maintain operations contradicts international calls for businesses to withdraw from the Russian market as a form of economic pressure against the invasion.[16][17]

Products

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The line of products manufactured by the company includes:

Liebherr has the world's most powerful and tallest crawler crane in its LR 13000. It is capable of lifting 3,000 tonnes (2,953 long tons; 3,307 short tons) and has a maximum pulley height of 248 metres (814 ft). This is achieved with the attachment of an additional 126-metre-long (413 ft) lattice jib to the 248-metre (814 ft) main boom. The height of the crawler chassis is an additional 2 m (6 ft 7 in), which gives the lattice structure a total height of 248 m (814 ft). The maximum hoisting height is 245 m (804 ft) and the total ballast used is 1,900 tonnes (1,870 long tons; 2,094 short tons), including 1,500 tonnes (1,476 long tons; 1,653 short tons) of derrick ballast.[19][20]

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  • On the right a Liebherr top-slewing crane of the EC-H Litronic series
    On the right a Liebherr top-slewing crane of the EC-H Litronic series
  • Liebherr LTM 1500 telescopic crane
    Liebherr LTM 1500 telescopic crane
  • Liebherr T 282 B mining truck
    Liebherr T 282 B mining truck
  • Liebherr hydraulic shovel
    Liebherr hydraulic shovel
  • Liebherr HS 895 Hydroseilbagger
    Liebherr HS 895 Hydroseilbagger
  • Mock-up of the A350 nose gear at ILA 2012
    Mock-up of the A350 nose gear at ILA 2012
  • Liebherr R926
    Liebherr R926
  • Liebherr LTM 1500–8.1
    Liebherr LTM 1500–8.1
  • Liebherr-710 HC-L 32/64 Litronic tower crane
    Liebherr-710 HC-L 32/64 Litronic tower crane
  • Domestic appliances (mainly refrigerators)
    Domestic appliances (mainly refrigerators)
  • Airplane air-conditioning unit
    Airplane air-conditioning unit

See also

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References

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  1. ^ a b "Liebherr Group appoints new President and Vice President to its administrative board". liebherr.com. 4 January 2023. Retrieved 21 December 2023.
  2. ^ a b c d e f g Liebherr Annual Report, Undated. Retrieved: 11 Jul 2024
  3. ^ "Portrait of the LiebHerr Group", Liebherr corporate website, Undated. Retrieved: 14 March 2013.
  4. ^ "Die 300 Reichsten". handelszeitung.ch. Retrieved 21 December 2023.
  5. ^ "Zweite auf dritte Generation". vertikal.net. 4 April 2023. Retrieved 21 December 2023.
  6. ^ "Laureates Search".
  7. ^ "Liebherr starts $65m expansion", Australian Mining, 4 April, 2013. Retrieved: 10 January 2014.
  8. ^ Expansion Projects for Manufacturing Program of Mining Trucks, Liebherr Group (US), 22 February 2013. Retrieved: 14 March 2013.
  9. ^ "The hotels of the Group". Liebherr Group. Retrieved 4 June 2018.
  10. ^ "Liebherr to Invest over $220 million in Component Production". Construction Pros. 4 April 2014. Retrieved 6 April 2014.
  11. ^ Slow, Elizabeth (2018-06-14). "Liebherr Group confirms expansion plans". letsrecycle.com. Retrieved 2020-05-22.
  12. ^ "Liebherr's highest ever turnover". www.ibj-online.com. 2018-04-16. Retrieved 2020-05-23.
  13. ^ "Liebherr Group achieves over ten billion euro in annual turnover for the first time". Construction Plant News. 2019-04-05. Retrieved 2020-05-22.
  14. ^ Liebherr, APAC HQ (2020-03-20). "Liebherr launches first Flagship Store in Asia Pacific". finance.yahoo.com. Retrieved 2021-11-05.
  15. ^ Liebherr, APAC HQ (2020-02-18). "Brand Launch News: Launch of Liebherr Appliance Flagship Store in APAC". stanleykan.com. Retrieved 2021-11-05.
  16. ^ "Liebherr - Still Doing Business in Russia". Leave Russia. Retrieved 2024-12-13.
  17. ^ "Liebherr Company Report" (PDF). B4Ukraine. Retrieved 2024-12-13.
  18. ^ "Components". www.liebherr.com.
  19. ^ "LR 13000". www.liebherr.com.
  20. ^ "Liebherr's LR13000 lifts 5 other cranes, the LR11350, the LR1350.1, the LTR1100 and finally two small model crane". www.heavyliftnews.com. Archived from the original on 2019-01-24. Retrieved 2016-05-11.
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