Wieland Group: Acquisition of Wolverine Technical Tube Business
Effective 28 April 2017, the Wieland Group, Ulm, Germany, (“Wieland”) has acquired all assets owned by Wolverine Tube Inc., Decatur, AL, USA (“Wolverine”) related to the business of manufacturing and selling integrally finned and enhanced surface tubes from copper, copper alloys and steel alloys.
Fiscal year 2015/16: net income significantly above the previous year
Current fiscal year: moderate growth expected
In the fiscal year 2015/16 (1 October 2015 to 30 September 2016), the sales quantity of the Wieland Group rose by almost 5 per cent over the prior year to 464,000 tonnes. Sales fell by 8.5 per cent to 2,547 million euros (previous year: 2,784 million euros) as a consequence of lower metal prices. Net income for the year was 64 million euros (previous year: 48 million euros).
Wieland-Werke AG: Change in the Chairmanship of the Executive Board
With effect from 1 April 2017, the Supervisory Board of Wieland-Werke AG has appointed Dr. Erwin Mayr as Chairman of the Executive Board of Wieland-Werke AG. He succeeds Harald Kroener who will retire effective 31 March 2017. Dr. Mayr has been a member of the Executive Board of Wieland-Werke AG since 1 January 2017.
Ingersoll Rand | Trane grants the Wieland Group its 2016 Innovation & Value Creation Award
As one of six laureates, the Wieland Group was selected out of 13,000 suppliers by Ingersoll Rand for its 2016 Innovation & Value Creation Award.
Proposed by the Trane leadership for Technical Tubes in North America, the award is an appreciation of the close collaboration with R&D for technical innovations, as well as of the high quality and delivery performance for technical and industrial tubes on a global level. Criteria for this award included the delivery of innovative, customer-driven solutions, the expansion into emerging markets and the increase of the service business to drive profitable growth. In 2016, Wieland Thermal Solutions in particular had risen to the occasion and partnered with Ingersoll Rand to help deliver an innovative solution to customers, creating mutual success for both companies. Especially in the HVAC Chiller business, Wieland Thermal Solutions was recognized for continued effort to work hand in hand with Ingersoll Rand Engineering to develop new products to meet a defined customer niche. The award finally honors the willingness consistently demonstrated to invest in the development of innovative products. Wieland Thermal Solutions has a track record for meeting the high expectations for quality and delivery, while launching new product developments into production.
At the award ceremony f.l.t.r.: Xiangjun Yu, Vice President, Integrated Supply Chain, HVAC Transport Solutions, AP & India, Ingersoll Rand; Florian Hudelmaier, Manager Sales & Technical Marketing, Wieland Copper Products, Wheeling; Thomas G. Baker, Chief Exekutive Officer, Wieland Copper Products, Pine Hall and John Evans, VP, Global Procurement, Ingersoll Rand