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Key figures - Schulthess Group

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Milestones<br />

1999 Takeover of Novelan AG, Dällikon<br />

Commencement of production in the Wuxi Little Swan-<strong>Schulthess</strong> joint venture<br />

1998 Opening of the <strong>Schulthess</strong> <strong>Group</strong> to the public<br />

Founding of the joint venture with the Wuxi Little Swan Company (China)<br />

1997 Forming of the <strong>Schulthess</strong> <strong>Group</strong> AG as the holding for <strong>Schulthess</strong> companies<br />

1996 150 th anniversary and renaming of the Maschinenfabrik <strong>Schulthess</strong> AG<br />

into <strong>Schulthess</strong> Maschinen AG<br />

1995 Hiving off of the Maschinenfabrik Hildebrand AG, Asdorf<br />

1994 Introduction of flow production (just-in-time production)<br />

1994 Co-operation agreement with the German Böwe Passat GmbH company<br />

1991 Takeover of Merker AG, Baden<br />

1988/89 Formation of the <strong>Schulthess</strong> <strong>Group</strong> from the Maschinenfabrik <strong>Schulthess</strong> AG,<br />

Querop Handels AG and Hildebrand AG<br />

1988 Separation from the family shareholders group by a management buyout<br />

1987 Launch of the first washing machines with microprocessor control<br />

1951 Production of Europe's first household washing machines<br />

1949 Invention of punched-card controls for washing machines<br />

1943 Transformation of the former general partnership into joint-stock company<br />

1937 Move into factory buildings in Wolfhausen, Canton of Zurich<br />

1904 Manufacture of the first washing appliance<br />

1890 Takeover of Ornamentfabrik Künzli & Co. in Zurich<br />

1845 Founding of the Bauspenglerei Kaspar <strong>Schulthess</strong> in Zurich<br />

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