Schmitz Cargobull
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Schmitz Cargobull
Schmitz Cargobull AG is a German manufacturer of semi-trailers, trailers and truck bodies. The company's head office is located in Horstmar, Germany, and its registered office is in the neighbouring city of Altenberge in the state of North Rhine-Westphalia. The family-owned company had 6,500 employees in the 2018/2019 business year and generated a turnover of 2.290 billion euros. It is thus the market leader in Europe. The families of Dr. Heinz Schmitz, Peter Schmitz and Bernd Hoffmann hold equal shares in the company. Company history Founding and expansion The company has its origins in the year 1892. The company's founder, Heinrich Schmitz, began to construct wagons at the family's forge located in Altenberge near Münster. The forge's new business first began to gain headway at the end of the 1920s as a result of increasing motorisation. During this time the company transformed from a craftsman's business into an industrial vehicle manufacturer. The first motor vehicle trai ...
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Aktiengesellschaft
(; abbreviated AG, ) is a German word for a corporation limited by share ownership (i.e. one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a '' société anonyme'' or a '' società per azioni''), and South Tyrol for companies incorporated there. It is also used in Luxembourg (as lb, Aktiëgesellschaft, label=none, ), although the equivalent French language term '' société anonyme'' is more common. In the United Kingdom, the equivalent term is "PLC" and in the United States while the terms "incorporated" or "corporation" are typically used, technically the more precise equivalent term is " joint-stock company" (though note for the British term only a minority of public limited companies have their shares listed on stock exchanges). Meaning of the word The German word ''Aktiengesellschaft'' is a compound noun made up of two elements: ''Aktien'' meaning an actin ...
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