Crisis at Pierer Industry: SHW AG before an uncertain future!

Crisis at Pierer Industry: SHW AG before an uncertain future!

Aalen, Deutschland - die shw AG before a challenging future. The CEO Wolfgang Plasser, who has headed business since 2021, expressed concerns about the financial situation of the parent company Pierer Industrie AG. Due to difficulties at the motorcycle manufacturer KTM, this is in a precarious location. Plasser, however, emphasizes that SHW AG is currently not affected by the Restructuring process of Pierer Industrie AG and there are no business relationships with KTM.

Pierer Industrie AG urgently needs capital to stabilize KTM and operate bonds. It remains unclear how these problems will affect SHW AG. Plasser sees the possibility of breaking up SHW AG as conceivable, but there is no concrete plans in this direction at the current time. In 2024, SHW AG was able to achieve almost the sales of the previous year, although a small decline was recorded.

economic developments and labor market

The order situation of SHW AG is currently mixed. While good orders can be recorded in racing and in the luxury automobile sector, the traditional automotive store is weaker. In Bad Schussenried, around 70 jobs were dismantled in 2024, and short -time work is currently an issue. The location in Aalen, on the other hand, generates sales of 80 million euros per year with a positive earnings situation, which is due, among other things, to a large order for a component for internal combustion engines.

Despite the challenges, SHW AG plans to open up new markets and products. This includes truck and off-highway products as well as immersion cooling. Plasser sees the current market demand for products for internal combustion engines as higher than expected, which could have a positive impact on the planning of the future development of SHW AG.

Pierer Industrie AG and the new automotive group

In a further step, the pierer Industrie AG recently acquired 98.2% of the Pankl Racing Systems AG for around 130.5 million euros. This transaction is part of the foundation of a new strategic holding holding for the automotive sector, which expected to unite sales of around 700 million euros and around 3,200 employees.

Pankl and SHW AG remain as independent companies, while their cooperation is focused on drive components. Mag. Wolfgang Plasser, together with Mag. Klaus Rinnerberger, will form the management of the new holding. DI Stefan Pierer will take over the chair of the supervisory board, which underlines the close integration of the two existing companies.

look at the automotive industry

A current report of the Institute of German Economy provides further information about the challenges and opportunities Automobile industry. The industry is under pressure due to increasing energy costs and inflation, which also affects the competitiveness of locations in Germany. This could also be important for SHW AG, since the production of pumps is increasingly dependent on castings from non -European countries.

Overall, a phase of upheaval and uncertainty are emerging for SHW AG, while there are also opportunities for diversification and realignment. The coming months will be crucial for the company to set the course for the future and to survive successfully in the market.