The largest industrial company in Cologne is igus GmbH with a turnover of 764 million euros (2019). igus GmbH is also part of our list of the largest industrial companies in Germany. The name igus is probably hardly known to a broad public. After all, the Cologne-based company exclusively conducts B2B business, moreover in a very special segment. It is not listed on the stock exchange and rarely makes headlines when it does make positive ones. igus manufactures plastic plain bearings and energy supply chains. These are components that play an important role in mechanical and equipment engineering. The company sells its products worldwide, the central production site and company headquarters are located between Köln-Wahn and Köln-Spich not far from the Cologne/Bonn airports. igus has more than 4,000 employees This article is based on the unique List of the 1000 largest industrial companies in Germany.
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From a small Cologne-based company to hidden champion and world market leader
The entrepreneurial couple Blase founded the company in 1964 – at first a real small business, which was a supplier of plastic parts. It was not until 1984 that the in-house production of plastic plain bearings and energy guiding chains began. In 1985, igus still had no more than 40 employees. Since then, the company has grown rapidly and is now the world market leader for its special products, which only insiders know and appreciate – a typical hidden champion of medium-sized industrial companies. igus is still family owned. Frank Blase, the son of the founding couple, manages the company. igus today has 35 branches around the globe.Source: Listenchampion Picture source: Unsplash