Krones was founded by Hermann Kronseder in Neutraubling in 1951.

 

The headquarters of Krones AG is in Neutraubling (Oberpfalz, Germany).

 

The company plans, develops, manufactures and installs machinery and complete systems for the filling and packaging industry and for the production of beverages. Its customers include breweries and beverage producers, the food industry and the chemical, pharmaceutical and cosmetics industries.

 

The Krones Group has a 3-segment structure: plant and machinery for beverage production/process technology, plant and machinery for product filling and equipment, and plant and machinery for the lower output range.

 

Consolidated sales rose 14.1% year-on-year from €2,173.3 million to €2,480.3 million. With that, the company has not only continued the strong growth trend from 2010 but also surpassed its 2008 sales figure (€2,381.4 million).

 

Krones achieved the majority of its sales outside Germany, with exports accounting for 89,8 per cent in 2011.

 

Krones is the world market leader in beverage filling and packaging technology.

 

Its main competitors are Sidel (Tetra Laval group) and KHS (Salzgitter group).

 

On 31.12.2011 Krones had a workforce of 11,389; 8,887 of them in Germany.

 

Krones produces solely in Germany. It has production facilities in Neutraubling, Rosenheim, Nittenau, Freising and Flensburg.

 

Krones' financial year is the calendar year.

 

The company's annual financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS).

 

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