Schindler Group

Last updated
Schindler Holding Ltd.
Native name
Company type Public
IndustryVertical transportation
Founded1874;151 years ago (1874)
Founders
  • Robert Schindler
  • Eduard Villiger
Headquarters,
Switzerland
Area served
Worldwide (Except Japan and Russia, Belarus because of the Minato Ward 2006 elevator accident and the Boycott of Russia and Belarus)
Key people
Silvio Napoli (Chairman & CEO)
Products Elevators, Escalators, Moving walkways
RevenueIncrease2.svg SFr  11.49 billion (2023) [1]
Increase2.svg SFr 1.19 billion (2023) [1]
Increase2.svg SFr 0.94 billion (2023) [1]
Total assets Decrease2.svg SFr 11.30 billion (2023) [1]
Total equity Increase2.svg SFr 4.70 billion (2023) [1]
Number of employees
70,406 (December 2023)
Subsidiaries Atlas Schindler Brasil, Villarta Brasil
Website group.schindler.com

Schindler Holding Ltd. [2] is a Swiss multinational company which manufactures escalators, moving walkways, and elevators worldwide, founded in Switzerland in 1874. Schindler produces, installs, maintains and modernizes lifts and escalators in many types of buildings including residential, commercial and high-rise buildings.

Contents

The company is present in over 140 countries and employs more than 66,000 people worldwide. [3] The production facilities are located in Brazil, China, Slovakia, Spain, Switzerland, India and the United States. [4] All operations and subsidiaries of Schindler Group are organised into Schindler Holding Ltd. (German : Schindler Holding AG, French : Schindler Holding S.A.), which is publicly traded on SIX Swiss Exchange.

History

The company was founded in Lucerne, Switzerland in 1874, [5] by Robert Schindler and Eduard Villiger, who established the collective joint partnership Schindler & Villiger. [6] Shortly thereafter, a mechanical engineering workshop was built on an island in the river Reuss in Lucerne for the production of lifting equipment and machines of all types. Starting as an agricultural machinery manufacturer, it began to manufacture elevators at the end of the 19th century. [5]

After 1901, Schindler's nephew, Alfred Schindler, expanded the company and founded the first foreign subsidiary in Berlin in 1906. [5] Schindler produced ammunition during World War I. [5] The company's first escalator was installed in 1936, and in 1937 it established a branch in Brazil. [5] Following World War II Schindler became a global group and diversified its operations, manufacturing construction cranes, engines, pumps and railroad cars. [5] In 1980 it became the first Western company to establish a joint venture with a state-owned enterprise of the People's Republic of China. [5] With the takeover of Atlas in Brazil in 1999, Schindler became a major market player in South America.

Schindler entered the North American elevator market with the purchase of Toledo-based Haughton Elevator Company in 1979—briefly branding their products as Schindler-Haughton. In 1989, the company dramatically increased its presence in the United States after acquiring the Elevator/Escalator division of Westinghouse, [5] one of the largest producers of elevators and escalators at the time. Currently, Schindler Elevator Corporation, the United States operations of Schindler Group, is based in Morristown, New Jersey. [7]

In February 2007, Schindler, along with competitors Otis Elevator Co., ThyssenKrupp, Kone, and Mitsubishi Elevator Europe, were fined by the European Union for participating in a price-fixing cartel. Schindler was fined 144 million euros, or about $189.3 million US dollars. [8]

Since 2011, Schindler have sponsored Solar Impulse, a solar-powered aircraft. [9]

Incidents

See also

References

  1. German: Schindler Aufzüge AG, French: Ascenseur Schindler SA
  1. 1 2 3 4 5 "Schindler Holding Ltd. Annual Report & Financial Statements (2021, English)".
  2. Official English name listed on its stock price page
  3. "Group Fact Sheet" (PDF). Schindler.com. 2014-02-14. Archived from the original (PDF) on February 26, 2014. Retrieved 2014-02-20.
  4. "About Schindler Company Facts" (PDF). Schindler.com. 2014-01-13. Archived from the original (PDF) on 2014-01-16. Retrieved 2014-01-16.
  5. 1 2 3 4 5 6 7 8 Schindler in German , French and Italian in the online Historical Dictionary of Switzerland .
  6. Archived July 12, 2006, at the Wayback Machine
  7. Archived September 23, 2006, at the Wayback Machine
  8. Brand, Constant (2007-02-21). "Europeans slap $1.3 billion price-fixing fine on 5 elevator makers". USA Today. Retrieved 13 June 2012.
  9. "Main partner in Forbes". Solarimpulse.com. Archived from the original on January 20, 2013. Retrieved 2014-02-16.
  10. 1 2 3 4 Ministry of Land, Infrastructure, Transport and Tourism. "Report on Elevator Accident at City Heights Takeshiba" "シティハイツ竹芝エレベーター事故調査報告書", Tokyo, 8 September 2009. Retrieved on 1 November 2012.
  11. Livedoor News シンドラー社が記者説明会 Retrieved 6 November 2012.
  12. 張田 吉昭, 畑村 洋太郎 "平塚エスカレータ首はさまれ", Retrieved on 1 November 2012.
  13. Publicity and Information Release, University of Tokyo 東京大学柏キャンパス総合研究棟のシンドラー(株)製エレベーター事故の発生について
  14. Fernandez, Lisa (2013-12-11). "State Finds "Serious Violations" at Schindler Elevator After Levi's Stadium Death". NBC Bay Area. Retrieved 2020-05-23.