12.04.2002

Liebherr restructuring

Liebherr is to reorganise its company structure.

Following a successful year, with turnover rising by 3.6% and the employment of 1,230 extra personnel, the family-owned Group of companies has decided to streamline its activities and clearly segregate its various product sectors under divisional controlling companies.

Divisional offices for the construction machinery and refrigeration sectors will be based in Germany, whilst activity in the aerospace division will be in Toulouse, France. Liebherr International AG, Liebherr Holding GmbH and Liebherr Austria Holding GmbH will hand over the relevant production companies to the new divisions. Each Liebherr product sector will then have a dedicated production company manufacturing, for example, only mobile cranes.

Liebherr-International AG will continue to co-ordinate the whole organisation and decisions and control remain with the board of principals. The supporting subsidiaries will be renamed as Liebherr-International Deutschland GmbH and Liebherr-International Austria GmbH.