Trelleborg (company)

Last updated
Trelleborg AB
Company type Public (Aktiebolag)
Nasdaq Stockholm:  TREL B
Industry Polymer engineering
Founded1905;120 years ago (1905)
Founders
  • Henry Dunker
  • Johan Kock
Headquarters
Trelleborg, Sweden
Area served
Worldwide
Key people
  • Johan Malmquist (Chairman)
  • Peter Nilsson (President and CEO)
Products Seals, Hoses, Antivibration Solutions, Fenders
Revenue34 billion kr (2023) [1]
7,368,000,000 Swedish krona (2023)  OOjs UI icon edit-ltr-progressive.svg
10,075 million kr (2023) [1]
Total equity 41,727 million kr (2023) [1]
Number of employees
15,646 (2023) [1]
Divisions
  • Trelleborg Industrial Solutions
  • Trelleborg Sealing Solutions
  • Trelleborg Medical Solutions
Website trelleborg.com
1970s electrical tape by Trelleborgs Gummifabriks AB, subsequently Trelleborg AB. Ca 1970s tin for Trelleborg isolerband 5m 15mm by Trelleborgs gummifabriks aktiebolag.jpg
1970s electrical tape by Trelleborgs Gummifabriks AB, subsequently Trelleborg AB.

Trelleborg AB is a multi-national engineering company headquartered in Trelleborg, Sweden. [2] Trelleborg focuses on the designing and manufacturing of polymer technology, their main products include seals, hoses and antivibration solutions. According to the Financial Times, the company currently employs 15.65k people and has earned 34.17 billion SEK in revenue. [3] The company became public in 1964 and currently trades on Nasdaq Stockholm.

Contents

History

The company was founded by Henry Dunker and Johan Kock as "Trelleborgs Gummifabriks AB" (the Rubber Factory Corporation of Trelleborg). The company had 150 employees and produced bicycle tires and rubber for industrial applications. During World War I, the Swedish Armed Forces placed substantial orders.[ citation needed ]

By the mid-1930s, the number of employees had reached 1,000. Beginning in the 1950s, Trelleborgs Gummifabriks AB was floated at the Stockholm Stock Exchange. Its current name was adopted in 1977.[ citation needed ]

Between 1983 and 1991, the company's scope broadened to the areas of mining and metals. In 1999, the scope was narrowed due to specialisation into industrial applications. In 2003, Trelleborg AB acquired the German manufacturer Busak+Shamban and startet manufacturing polymer-based precision seals under the Trelleborg name. [4] [5]

In 2009, the European Commission fined several marine hose producers, including Trelleborg AB, "...for participating in a cartel for marine hoses between 1986 and 2007 in violation of the ban on cartels and restrictive business practices in the EC Treaty (Article 81) and the EEA Agreement (Article 53)." [6]

In mid-2012, Trelleborg and Freudenberg formed a 50–50 joint venture in anti-vibration applications for light and heavy vehicles, called TrelleborgVibracoustic. Trelleborg ended this and divested its shares in this venture to Freudenberg in 2016. [7]

In 1990, Trelleborg acquired a 50% stake in Falconbridge Nickel Mines (the Canadian company Noranda Mines acquiring the other half), [8] giving it a significant footprint in nickel production, which had not previously been major part of its or Boliden's portfolio at that point. [9]

In 2022, Trelleborg acquired the Lindau-based aerospace interiors company, MG Silikon GmbH, an entity within Saint-Gobain Group, [10] and the US-based company Minnesota Rubber & Plastics from the private equity firm KKR for US$950 million. [11]

In 2025, Trelleborg AB announced that they would be acquiring Aero-Plastics Inc. [12]

Operations

Trelleborg AB is divided into the following business areas: [13]

Market

In 2018, Trelleborg AB was the third-largest player in the world market for non-tire rubber products according to Rubber & Plastics News. [14]

Ranking by salesCompanyCountry
1 Continental AG Germany
2 Hutchinson SA France
3Trelleborg ABSweden
4 Freudenberg Group Germany
5 Bridgestone Japan
6NOK Inc.Japan
7Sumitomo RikoJapan
8Pinafore Holdings B.V.United Kingdom
9 Cooper-Standard Automotive United States
10 Parker Hannifin United States

The net sales for 2022 had the following geographical distribution: [15]

RegionShare of sales
Europe46%
North and South America33%
Asia and other markets21%

Ownership

The 10 largest shareholders of Trelleborg AB, as of December 31, 2023: [16]

NoShareholderPercent of share capitalPercent of votes
1Henry Dunker Donation Fund & Foundations [a] 11.33%55.78%
2 Allianz Global Investors 4.97%2.48%
3 Capital Group 4.15%2.07%
4 Vanguard 3.31%1.65%
5Swedbank Robur Funds2.65%1.32%
6Handelsbanken Funds2.15%1.07%
7 Norges Bank 1.84%0.92%
8Lannebo Funds1.79%0.89%
9 BlackRock 1.73%0.87%
10Folksam1.61%0.80%
  1. All of the Series A shares are owned by the Dunker Funds and Foundations, which were created through testamentary disposition by the founder of the Helsingborg and Trelleborg rubber-production plants, Henry Dunker.

Governance

Since April 27, 2023, Johan Malmquist has been Chairman of Trelleborg AB. The following table lists the chairmen in chronological order since the company was founded.

PeriodChairman
August 24, 1905 – December 18, 1909Gustaf Lagergren
December 19, 1909 – May 1, 1945Johan Kock
May 2, 1945 – May 3, 1962Henry Dunker
May 17, 1962 – May 24, 1965Lars Gunnar Ohlsson
May 25, 1965 – May 25, 1970Hadar Hallström
May 26, 1970 – May 17, 1976Lars Gunnar Ohlsson
May 18, 1976 - May 30, 1985Åke Ståhlbrandt
May 31, 1985 – May 30, 1990Ernst Herslow
May 31, 1990 – April 23, 2002Rune Andersson
April 24, 2002 – April 23, 2013Anders Narvinger
April 24, 2013 – April 25, 2018Sören Mellstig
April 26, 2018 – April 27, 2023Hans Biörck
April 27, 2023 –Johan Malmquist

Since October 1, 2005, Peter Nilsson has been president and CEO of Trelleborg AB. The following table lists the presidents and CEOs in chronological order since the company was founded.

PeriodPresident and CEO
August 24, 1905 – May 17, 1947Henry Dunker
September 1, 1939 – July 21, 1949 (at the time, the law permitted appointment of more than one CEO)Hilding Ståhlbrandt
August 29, 1949 – May 17, 1976Åke Ståhlbrandt
May 18, 1976 – April 30, 1983Arne Lundqvist
May 1, 1983 – May 30, 1990Rune Andersson
May 31, 1990 – January 26, 1999Kjell Nilsson
January 27, 1999 – February 8, 1999Hans Porat (temporary)
February 9, 1999 – September 30, 2005Fredrik Arp
October 1, 2005 –Peter Nilsson

References

  1. 1 2 3 4 "Annual Report 2023" (PDF). Trelleborg AB. Retrieved 29 May 2024.
  2. "Trelleborg AB". Dun & Bradstreet. Retrieved 29 January 2025.
  3. "Trelleborg AB, TREL B:STO profile - FT.com". Trelleborg AB, TREL B:STO profile - FT.com. 21 February 2025.
  4. https://www.chemietechnik.de/markt/busakshamban-in-trelleborg-sealing-solutions-umbenannt.html, 2007-04, retrieved 2025-07-27 (German).
  5. "Sealing it up in Europe". cleanroomtechnology.com. 2004-07-29. Retrieved 2025-07-27.
  6. "Press corner | European Commission".
  7. History
  8. "Falconbridge Limited (1928-2000) – by International Directory of Company Histories". Republic of Mining. June 17, 2011. Retrieved 2025-07-16.
  9. Löfkvist, Bengt; Sallert, Mati (December 1992). "Corporate strategy, location of investments and competitiveness" . Resources Policy. 18 (4): 283–284. doi:10.1016/0301-4207(92)90014-Z.
  10. Diaconu, Cristina (2022-08-01). "Trelleborg Acquires Manufacturer of Aerospace Components". Manufacturing & Engineering. Retrieved 2022-08-01.
  11. "Trelleborg finalises acquisition of Minnesota Rubber & Plastics". Med-Tech Innovation. 2022-11-01. Retrieved 2022-11-01.
  12. "Acquisition strengthens Trelleborg aerospace offering | Trelleborg Sealing Solutions". Trelleborg. 18 February 2025.
  13. Organization
  14. Bruce Meyer (2011). "Rankings". Rubber & Plastics News (July 18). Crain Communications: 12.
  15. Annual Report
  16. "Ownership Structure". www.trelleborg.com. Retrieved 2024-12-20.