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Annual Report 2011

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16 Company profile<br />

––<br />

Company profile<br />

History<br />

The original company Starrag was founded in<br />

1885 in Rorschach, Switzerland, as a manufacturer<br />

of threading machines for the textile industry.<br />

Following the textile crisis in the wake of World<br />

War I, the company switched to manufacture<br />

milling machines from 1920 onward. It was renamed<br />

Starrfräsmaschinen AG five years later.<br />

Production of copy milling machinery for turbine,<br />

aircraft, and mold and die manufacture began in<br />

the mid-1930s.<br />

Starrfräsmaschinen AG established a name for<br />

itself in the post-WW2 years with the world’s<br />

first CNC 5-axis milling machine. The company<br />

went public in 1998, when it was listed on the<br />

Swiss stock exchange. That same year Chemnitz-<br />

Germany based Heckert Werkzeugmaschinen<br />

GmbH, the successor company of the famous<br />

Wanderer Werke was acquired. Heckert was the<br />

first company ever to develop a highly automated<br />

flexible manufacturing system as early as the<br />

1970s, to international acclaim.<br />

Following the merger, the company changed its<br />

name to StarragHeckert. The organization assumed<br />

a holding structure in 2000, calling itself<br />

StarragHeckert Holding AG. In the course of the<br />

past 10 years, the company acquired UK-based<br />

Toolroom Technology Limited (TTL), a supplier of<br />

adaptive machining solutions for gas turbine and<br />

aircraft engine repair, as well as Geneva-based SIP<br />

(Société d'Instruments de Précision SA), which<br />

is the reference worldwide for its ultra-high precision<br />

jig boring systems.<br />

In January <strong>2011</strong>, StarragHeckert acquired the<br />

German Dörries Scharmann Group, including<br />

its prestigious Berthiez (1916), Dörries (1884),<br />

Droop+Rein (1890) and Scharmann brands.<br />

As a consequence the group switches to a new<br />

brand strategy in 2012: The organization in the<br />

future trades under the name Starrag Group.<br />

Vision<br />

Starrag Group is the preferred partner of international<br />

players in aerospace, energy, transport and<br />

industrial engineering industries in Europe, North<br />

America and emerging industrial Asian markets.<br />

The company’s comprehensive range of high-end<br />

precision machinery is continuously updated and<br />

comes with expert engineering and other related<br />

services, helping customers to boost productivity<br />

significantly and sustainably.<br />

Business model close to the<br />

market, 9 leading brands under<br />

one strong roof<br />

In the last 10 years, the Starrag Group has<br />

evolved into a group with a unique technologically<br />

advanced portfolio of precision machining solutions<br />

for middle and large sized components.<br />

It has achieved its globally recognized market<br />

position through organic growth and as a result<br />

of various strategic acquisitions. The various<br />

expansion stages have always followed the<br />

logic that any new acquisition must be a useful<br />

synergistic addition to the existing base in order<br />

to strengthen the group’s competitiveness and<br />

market position as a whole.<br />

The range of products and services covers the<br />

complete production from simple cubical parts<br />

up to extremely geometrically complex components<br />

out of difficult to machine materials. Starrag<br />

Group’s skills and technology portfolio is a unique<br />

attractive proposition for leading international<br />

companies.<br />

Customer focus is our guiding<br />

principle<br />

All brands of Starrag Group provide dedicated<br />

customer specific solutions to meet and satisfy<br />

individual manufacturing needs. In addition to<br />

stand-alone installations, we satisfy the increasing<br />

demand for complex system solutions involving

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