28/02/05

"Three Cheers for the Trade"

Anniversary in Künzelsau: Adolf Würth GmbH & Co. KG celebrates its 60th anniversary of the company foundation - Reinhold Würth will be 70 years old

Künzelsau. 60 years after its foundation Adolf Würth GmbH & Co. KG has reason to celebrate: In this period of time, the former two-man business has turned into a global player with 47,000 employees and sales running into billions. Under the motto "Three Cheers for the Craft", the global market leader for fastening and assembly technology celebrates its anniversary year. In addition, the family founder's son and Chairman of the Advisory Board of the Würth Group Prof. Reinhold Würth celebrates his 70th birthday on 20 April 2005.

From a two-man business to a world market leader in the trade of fasteners and assembly material

The success story of Würth is both dynamic and consistent. Since its foundation in the Baden-Württemberg town of Künzelsau (region of Hohenlohe) the company has developed from a regional screw dealer to a worldwide trading business with over 47,000 employees in 80 countries. In all these years, the company has always been in the black. In 2004, sales went up 13.7 percent to 6.2 billion euro. The core business is still very close to the original business idea, the trade of screws.

However, the spectrum of the range has considerably grown:

Today, the employees of the Würth Group sell over 100,000 fasteners and assembly products ranging from screws and screw accessories, anchors, tools or other chemical products, furniture and construction fittings to protective clothing and products for DIY stores. An important recipe for success of the Würth Group is the small, powerful and independently operating units.

Reinhold Würth - Committed Entrepreneur and Generous Art Patron

Prof. Reinhold Würth, son of company founder Adolf Würth born on 20 April 1935, has significantly shaped the company for many decades. As a 14-year-old, he already began his Würth career as the second employee of his father. Reinhold Würth has not only spread the company at international level but he has shaped the entire corporate culture. The special importance, which Reinhold Würth has attached to his employees and to their initiative from the very beginning, is still characteristic of the Würth Group. Appropriate payment, various opportunities of further training and a maximum of entrepreneurial leeway motivate employees to perform excellently. In 1994, Reinhold Würth withdrew from the operative management and transferred the management responsibilities to a management body, which is now made up of 5 people including his daughter Bettina Würth. Since then Reinhold Würth has made his experience available for the development of the company as Chairman of the Advisory Board of the Würth Group.

In addition to his great commitment as an entrepreneur Professor Würth has become well-known as a sponsor of art, culture, social projects and sports. In 2001, he opened Kunsthalle Würth art gallery in Schwäbisch Hall and thus has made part of his private collection of art from the 20th and 21st century accessible to the public. He supports various social projects such as the learning partnership between the company and the local schools or a hotel in which handicapped and unhandicapped people work together.

"Three Cheers for the Craft" - Celebrations on the Occasion of the Anniversary Year

The Würth Group is a reliable partner of the craft and observes the varied problems of that sector with great concern. Especially in times of economic difficulty the Würth Group would like to support the craft wherever possible and help to improve its economic framework conditions. Against this backdrop, the anniversary year at Würth is celebrated under the motto "Three Cheers for the Craft".

One of the climaxes of the celebrations lasting from 22 April to 1 May 2005 is the gala night on 22 April, to which some 1,000 guests from politics, the economy and society have been invited. It will take place in the largest tent of the world the "Millennium Dome", which is erected especially for the celebrations on the corporate premises in Künzelsau. As was the case at the past corporate anniversaries in 1985, when the Krone Circus appeared on the company premises, or in 1995, when employees of all Würth companies around the globe were invited to a party in Stuttgart, you will now also be able to expect spectacular surprises for the 60th company anniversary.

Another climax is the regional craft summit, which is going to take place in Künzelsau on 25 April 2005. Public figures from the economy, politics and associations are going to discuss the position and the current situation of the craft in Germany and indicate perspectives for the future. In addition, Würth organizes festive evenings for its employees and a special day for its suppliers. The open house on Sunday, 1 May 2005, on which the broad public has the opportunity to get to know the headquarters in Künzelsau is surely going to be the most attractive event. Far more than 30,000 visitors came to the last open house in September 2000.