The Hugo Stinnes GmbH was created 1892 as private firm and converted 1903 into a GmbH. Hugo Stinnes made itself independent thereby - supports from its nut/mother - in the coal trade. The enterprise developed fast to a handels and a shipping company branched out world-wide and formed beside the Germanof Luxembourg mine and hut-gnaws and the RWE the core of business working of Stinnes. 60 enterprises were controlled over the Hugo Stinnes GmbH. Important German addresses were in Strasbourg, Mannheim, Berlin and Hamburg, substantial foreign bases were in Great Britain, Denmark, Sweden, Russia, Italy, Switzerland and the USA. Beside the traditional fields of Stinnes' activities, like inland waterway craft travel and coal trade he engaged himself in the mining industry, in stealing and rolling mills, in the timber economy, in the chemical industry, with breweries, in the pressure and publishing trade and in the Filmwirtschaft, with hotels and the German general newspaper. It controlled banks and insurance companies. In the long run 1,535 enterprises with 2.888 enterprises belonged to the Stinnes company.

After the death of Stinnes 1924 the enterprise came fast into inclination and became 1925 insolvent. The family Stinnes saw itself forced to take up American capital which they forced 1926 to bundle all fortune in the enterprise Hugo Stinnes corporation in Baltimore and to continue the activities still remained therein.

1942 were seized the American branch as enemy property, the enterprise were limited from now on to Germany. The Hugo Stinnes corporation was auctioneered and as Hugo Stinnes industry Inc. in New York continued, until it fused 1954 again with the Hugo Stinnes GmbH and starting from 1957 by the acquisition of a bank group with a participation of 75% by the kreditanstalt fuer wiederaufbau by the majority to German possession returned.

Hugo Stinnes jr. remained however impossible due to American editions from the line of the American society. It had begun the German branch of the company under the oldest company name Hugo Stinnes OHG after the Second World War again and separated already 1952 from the line of the enterprise operated by its nut/mother clarifies Hugo Stinnes Wagenknecht and its brothers and sisters after a family controversy over the buy-back of an expanded real estate, the house exterminates. Its intention of putting the necessary capital for this purchase into the building of ships for his navigation line rejected also his brother Ernst, who was engaged at fuel day. From now on Hugo Stinnes floated jr. its handels and shipping interests in the Hugo Stinnes industry and trade GmbH and the Hugo Stinnes transoceanic shipping GmbH in at the Ruhr as Hugo Stinnes personal company in front. Hugo Stinnes took jr. also and engaged itself the traditional business activities in the coal iron business, a prosperous postwar trade between the USA and Europe, with which Stinnes steel and steel products supplied in particular from Germany to the USA against American import coal. In this connection retroactively raised tariff obligations from the USA, which Stinnes brought to 1963 in liquidity difficulties, resulted. These originally overcame it only by those as temporary hiring intended transmission of valuable, industriellen activities to the group of repairing.

1965 acquired those today to E.ON belonging VEBA the trading venture Hugo Stinnes oHG and integrated it 1992 completely into the company. Renewed financial difficulties after the death of Hugo Stinnes jr. caused 1971 the bankruptcy of the company Hugo Stinnes personal.

1994 took over the Stinnes AG the donor Rhenus group of the German course, in the possession of the VEBA. 1999 separated the VEBA according to several reorganizations from parts of their transport and logistics possession by a stock exchange course of the Stinnes AG. Since 2003 this belongs only to the name after as successor company of the trading venture of Hugo Stinnes valid Stinnes AG to the company of the German course.

Literature

• Gerald D. Feldman: Hugo Stinnes. Biography of a Industriellen 1870 - 1924, Munich (C.H. Beck) 1998 - ISBN 3406435823
• Manfred rapid, Gerald D. Feldman (Hrsg.): August Thyssen and Hugo Stinnes. An exchange of letters 1898-1922, Munich (C.H.Beck) 2003 - ISBN 3406496377

Related links

• . - The playful inheritance (article of 1966).
• . - History from the view of the Hugo Stinnes kg.
• . - Dynastydynasty dynasties in North-Rhine/Westphalia: The Stinnes Imperium.

Articles in category "Hugo Stinnes GmbH"

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