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     137  0 Kommentare Hüttenwerke Königsbronn - HWK 1365, the oldest industrial entreprise in Germany, goes public

    Für Sie zusammengefasst
    • HWK 1365, oldest German industrial company, goes public
    • World leader in calander rolls
    • Employees hold 33.34% stake, debt-free, new Board of Directors


    EQS-Media / 22.04.2024 / 11:03 CET/CEST

    Hüttenwerke Königsbronn - HWK 1365, the oldest industrial entreprise in Germany, goes public
    • Hüttenwerke Königsbronn goes public
    • World market leader for calander rolls
    • Hidden champion with tradition since 1365
    • Reverse IPO through contribution to Terentius SE and renaming to HWK 1365 SE
    • Ad-hoc of Terentius SE from 22.04.2024 (https://www.eqs-news.com/de/news/adhoc/terentius-se-terentius-se-plant-erwerb-der-huettenwerke-koenigsbronn-gmbh-umfirmierung-in-hwk-1365-se-sowie-personelle-veraenderungen-in-den-organen-geplant/2038417)

    Königsbronn, April 22, 2024 – As a result of  the planned merger between AVIR Walze Holding GmbH, parent company of Hüttenwerke Königsbronn GmbH, and Terentius SE (WKN: A3CMG8; ISIN: DE000A3CMG80), Germany's oldest industrial company will be opening up to the capital market. The listed entity resulting from the merger, which will be listed on the Düsseldorf stock exchange, will be called HWK 1365 and has the legal form of an European "société europénne".

    The miracle of Königsbronn
    Following the "Miracle of Königsbronn" (SWR report: https://youtu.be/p_jQhgpEh00?si=-6E9Rkf-Lir8T2dH) in 2019, the rescue from an almost hopeless position, this marks the next milestone in the company's recenteventful history. Hüttenwerke Königsbronn, formerly known as “Schwäbische Hüttenwerke”, can look back onto a long tradition dating back to the year 1365. In this year, Emperor Charles IV granted mining rights for the extraction of iron ore to the Cistercian monks of then Königsbronn; iron ore was once found in the Ostalb region.

    World market leader and debt-free
    Today, HWK 1365 is the world's leading supplier of large calander rolls, a high-tech product of German mechanical engineering that is indispensable for the production of high-quality paper and cardboard. The profitable company is debt-free and is growing not only with the world's largest manufacturers of paper machines, but also in other sectors such as the food industry.
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    Hüttenwerke Königsbronn - HWK 1365, the oldest industrial entreprise in Germany, goes public EQS-Media / 22.04.2024 / 11:03 CET/CEST Hüttenwerke Königsbronn - HWK 1365, the oldest industrial entreprise in Germany, goes public Hüttenwerke Königsbronn goes public World market leader for calander rolls Hidden champion with tradition since …