Liebherr vector logo
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The Liebherr Group is a large German equipment manufacturer based in Switzerland specializing in cranes, aircraft parts, and mining, with 8.3 billion euros in revenue for 2011. It has a workforce of 35,333 and comprises more than 130 companies across all countries. By 2007,It was the world’s largest crane company. Established in 1949 by Hans Liebherr, the group’s entirely family-owned Bulle, Switzerland-based holding company, Liebherr-International AG, of which Isolde and Willi Liebherr are the chief executive and chairman. In 2005, Forbes magazine listed them as billionaires.
Starting by building affordable tower cranes, Liebherr expanded into making aircraft parts – it is a significant supplier to Europe’s Airbus plane maker – and commercial chiller displays and freezers, as well as domestic refrigerators. The group also produces some of the world’s biggest mining and digging machinery, including loaders, excavators and extreme-size dump trucks. The T 282 B is the world’s biggest truck. The group’s nine-axle mobile crane, the LTM 11200-9.1 – with a 100 metres (328 ft) telescopic boom – in 2007 received the heavy-lifting industry’s Development of the Year award, by dint of being world’s most powerful such machine.
Over the years, the family business has grown into a group of varied companies and has locations in many countries, including Germany, Britain, Ireland, and the United States. Since 1958, its Irish factory – in Killarney, Co. Kerry – has built container cranes, exporting them worldwide through the port of Fenit. In the U.S., the group in 2012 started spending $45.4 million (about €34.1 million) on a three-year renovation and expansion of its Newport News, Virginia factory, offices and warehouse. The company sought to increase its production there beyond 100 mining trucks a year. On 19 February 2013, representatives from the Commonwealth of Virginia and the cities of Newport News and Hampton announced that they would make grants and incentives available for transport improvement, training, and property investment.