Top 10 Largest Manufacturing Companies in Luxembourg
Luxembourg, the small landlocked country in Western Europe, may not be the first place that comes to mind when thinking of manufacturing giants. However, the ... read more...country boasts a strong economy and a thriving manufacturing industry, with several companies headquartered in Luxembourg making a significant impact on the global manufacturing landscape. In this article, we will take a look at some of the largest manufacturing companies in Luxembourg.
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ArcelorMittal is a multinational steel manufacturing corporation headquartered in Luxembourg City. With an annual crude steel production of 88 million metric tonnes, it is the second-largest steel producer in the world. The company was formed in 2006 when Indian-owned Mittal Steel acquired and merged with Arcelor, which traces its history back to 1976.
The company is involved in research and development, mining, and steel production. In 2016, ArcelorMittal produced around 90 million tons of steel and made 200 unique steel grades for automotive purposes, half of which were introduced in 2007. The company's products include Usibor 2000, a high-strength automotive steel that is about one-third stronger than other steels available for carmaking.
ArcelorMittal faces challenges such as increasing competition, fluctuating demand, and volatile raw material prices. As one of the largest manufacturing companies in Luxembourg, the company has responded by investing in innovation, technology, and sustainability, with a focus on reducing its carbon footprint and improving energy efficiency.ArcelorMittal has a significant impact on the global economy, employing directly and indirectly 200,000 people. The company's market capitalization is $25 billion, and the total value of its assets is estimated to be around $100 billion. It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations.
Founded: 2006
Headquarter: Boulevard d’Avranches, Luxembourg City, Luxembourg
Website: https://corporate.arcelormittal.com/
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The Ferrero Group is a multinational food company that specializes in sweet-packaged foods, with more than 35 well-known brands such as Nutella, Ferrero Rocher, and Tic Tac. Founded in 1946 by brothers Pietro and Giovanni Ferrero, the company is now one of the largest confectionery manufacturers in the world. Headquartered in Luxembourg, the Ferrero Group has a global presence, with production facilities and agricultural companies located across 5 continents.
As a family-owned business now in its third generation, the Ferrero Group places a strong emphasis on family values, quality, excellence, and respect for the environment and the communities in which they operate. The company's purpose is "We care for the better" reflecting its commitment to making a positive impact on people and the planet.
The Ferrero Group has a sustainability strategy that is implemented through partnerships, investments in technology, and certifications. The strategy is built around four strategic pillars: protecting the environment, sourcing ingredients sustainably, promoting responsible consumption, and empowering people.
With over 35,000 employees worldwide, the Ferrero culture is based on respect, integrity, and innovation. The company's portfolio is constantly growing to include even more iconic brands such as Thorntons, Fannie May, Butterfinger, and Eat Natural.Founded: 1946
Headquarter: Route de Trèves, Luxembourg
Website: https://www.ferrero.com/
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Aperam is a multinational company with headquarters in Luxembourg, specializing in the production of stainless steel and specialty steel. The company was spun out of ArcelorMittal in 2011, and its facilities in Brazil, Belgium, and France account for 27% of the global stainless-steel market by turnover as of 2009. The company is listed on several stock exchanges, including Amsterdam, Brussels, Paris, Madrid, and Luxembourg.
Aperam's Brazilian facility is unique in that it uses charcoal from eucalyptus forests to reduce material, rather than coking coal, reducing the facility's carbon footprint. In contrast, its European facilities use electric-arc furnaces fed with scrap.
The company has a rich history, with its Brazilian facilities largely stemming from Aperam South America, which was privatized by the Brazilian government in 1992 and purchased by Usinor in 1998. After a series of mergers, Aperam became a wholly-owned subsidiary of ArcelorMittal in 2007.
Aperam has six production facilities located in Brazil, Belgium, and France, with a highly integrated distribution, processing, and services network. It has a total capacity of 2.5 million tonnes of flat stainless and electrical steel. Aperam is present in 40 countries and is known for having an industry-leading carbon footprint of 0.32 tons of CO2 per ton of slabs produced. As of June 2021, the Lakshmi Mittal family owns 40.83% of Aperam.Founded: 2011
Headquarter: Luxembourg City, Luxembourg
Website: https://www.aperam.com/
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Ardagh Group is a global producer of glass and metal packaging products, with its headquarters based in Luxembourg. The company has experienced significant growth in the last two decades and is now one of the largest metal and glass packaging companies worldwide. As of 2012, Ardagh Group operated in 22 countries with 89 facilities and had a revenue of €7.7 billion, with approximately 23,500 employees.
Founded in Dublin, Ireland, in 1932 as the Irish Glass Bottle Company, the company has undergone numerous acquisitions to expand its business. In 1998, Paul Coulson acquired an initial stake in the company and initiated a series of acquisitions that included the purchase of Rockware Glass in 1999 and the Impress Group for €1.7 billion and Fi Par for €125 million in 2011.
Ardagh Group has a strong presence in North America, where it operates two of the oldest continuously operated glass container plants in the country, including Dunkirk and Winchester, both established in the late 1800s. In 2012, the company acquired Anchor Glass Container Corporation for $880 million, followed by the purchase of the Rexam Glass Division and St-Gobain's Verallia North America for €1.3 billion in 2013.
The company launched an IPO in March 2017, raising over $300 million on the New York Stock Exchange. In 2022, Ardagh Group acquired Consol Glass, a major African glass packaging company, and renamed it Ardagh Glass Packaging – Africa (AGP – A). Today, Ardagh Group continues to be a significant player in the global metal and glass packaging industry, offering a wide range of innovative and sustainable solutions to customers across the world.Founded: 1932
Headquarter: Luxembourg City, Luxembourg
Website: https://www.ardaghgroup.com/
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IAC Group is a global supplier that specializes in creating innovative and sustainable automotive components and systems for mobility manufacturers, occupants, and employees. With its headquarters in Luxembourg, the company operates over 75 manufacturing facilities across more than 15 countries, serving nearly every major OEM globally.
The company's extensive product line includes a wide range of automotive interior parts such as door and trim systems, instrument panels, consoles and cockpits, flooring and acoustic systems, and headliner and overhead systems. The parts are made of plastic, fabric, and leather, and are supplied to major automotive companies worldwide, including Ford, GM, Daimler, Volkswagen, Honda, and Toyota.
IAC Group prides itself on its culture of innovation, driven by curiosity to discover new ways to move people forward and create the best in smart, sustainable technology. The company's diverse and creative community works together to bring together elegant design and bold ideas with expert engineering, delivering superior solutions that meet evolving needs precisely executed for customers and end consumers.
In addition to innovation, IAC Group is committed to sustainability and reducing its environmental impact across its product design, processes, services, community involvement, and business operations. The company takes pride in creating sustainable opportunities in every aspect of its global operations, making the world a better place for all.Founded: 2005
Headquarter: Luxembourg City, Luxembourg
Website: https://iacgroup.com/
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Ardagh Metal Packaging (AMP) is a sustainable packaging company that supplies metal beverage cans to brand owners. The company is a subsidiary of Ardagh Group and is a leading player in the industry with innovative production capabilities. With 24 production facilities in nine countries, AMP has a strong global presence and employs over 6,300 people.
AMP is committed to creating sustainable packaging solutions that are 100% infinitely recyclable. The company's outstanding quality and customer service have made it the partner of choice for many beverage companies. As the only pure play metal beverage can producer of scale in the market today, AMP is uniquely positioned to meet the needs of its customers.
The company's vision is to be the preferred metal beverage packaging partner to brand owners around the world. AMP aims to achieve this by delivering customer innovation, providing an inspirational environment for its people, and creating sustainable value for its business through growth and development. The company's core values of Trust, Teamwork, and Excellence guide its activities and ensure that it conducts its business with the highest standards of integrity and professionalism.
AMP's commitment to sustainability and innovation has made it a leader in the metal packaging industry. As consumers become increasingly concerned about the environmental impact of packaging, AMP's focus on creating infinitely recyclable solutions has positioned it for continued success in the future.Founded: 2021
Headquarter: Luxembourg City, Luxembourg
Website: https://www.ardaghmetalpackaging.com/
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Tenaris is a globally recognized steel pipe manufacturer and supplier that has been providing high-quality pipes and related services to the energy industry for over six decades. The company is a subsidiary of the Techint Group, which is engaged in several businesses, including energy, engineering, construction, and industrial equipment.
With its headquarters in Luxembourg, Tenaris has a vast global presence with over 23,000 employees and customer service centers in more than 30 countries. The company's manufacturing facilities are located in several countries, including Argentina, Brazil, Canada, China, Colombia, Italy, Japan, Mexico, Romania, and the US. Tenaris has an impressive annual production capacity of 3.3 million tons of seamless and 2.8 million tons of welded pipes and generates over $12.1 billion in net sales annually.
As a socially responsible company, Tenaris has a long-term vision that is deeply rooted in sustainable principles. The company has consistently prioritized professional development for its employees, minimizing its environmental footprint, and building strong relationships with the communities where it operates. Tenaris has a strong commitment to sustainability and continually strives to be a reliable partner for its customers.
Under the leadership of its CEO, Paolo Rocca, Tenaris has continued to make strategic moves to expand its global footprint and improve its service offerings. In March 2019, the company announced a $1.2 billion deal to acquire IPSCO Tubulars, a leading tubular products manufacturer in North America.
Founded: 2001
Headquarter: Luxembourg City, Luxembourg
Website: https://www.tenaris.com/en -
Ternium, one of the largest manufacturing companies in Luxembourg, is a steel manufacturing company with a strong presence in Latin America. With production centers in seven countries, Ternium is a leading steel producer in the region, with a total annual production capacity of 12.4 million tons. The company's integrated processes allow it to manufacture both flat and long steel products, as well as value-added products. Ternium's strategic acquisition of Grupo IMSA in 2007 expanded its operations into Guatemala and the United States.
Ternium's name is derived from the Latin words "Ter" meaning three and "Eternium" meaning eternal, in reference to the integration of the three steel mills. The company was formed in 2005 through the consolidation of three companies: Siderar of Argentina, Sidor of Venezuela, and Hylsa of Mexico. Siderar was established by Techint in 1992 following the privatization of Somisa.
The company's commitment to environmental protection is reflected in its investments in new technologies and constant improvements in its production system to minimize the impact of its operations and maximize efficiency in the use of resources. As a member of the World Steel Association, Ternium adheres to the most advanced industry standards. The company recognizes that steel is a 100% recyclable material that can be endlessly reused, making it part of the solution toward a sustainable future.Founded: 2005
Headquarter: Luxembourg City, Luxembourg
Website: https://www.ternium.com/en/
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International Chemical Investors Group (ICIG) is a privately owned industrial group that specializes in the holding of mid-sized chemicals and pharmaceutical businesses. With over 3,900 employees worldwide, ICIG has sales in excess of €3 billion and operates more than 20 manufacturing plants in various locations, including Belgium, France, Germany, the Netherlands, Poland, Spain, the United Kingdom, and the United States.
ICIG focuses on three main platforms: Fine Chemicals under the WeylChem brand, Chlorovinyls under the VYNOVA brand, and Enterprises, which comprises several specified companies. The company has acquired more than 20 independent chemicals and pharmaceutical businesses in Europe and the United States since its inception in 2004, all of which have origins in major global chemical or pharmaceutical corporations.
The company's operating plants are well-invested in favorable locations with an international orientation and leading positions in niche markets. ICIG values experience and outstanding research and development capabilities in its employees and most of the company's management and employees were well-trained in major corporations.
ICIG's strategy is to leverage its chemicals and pharmaceutical industry experience, combined with operational, transactional, and financing expertise, to develop its operating companies internally or through platform acquisitions and to realize hidden values where others might not. The company offers a range of services, including consulting, financing, research and development, restructuring, management, monitoring, and control services to support its portfolio of companies.Founded: 2004
Headquarter: Luxembourg City, Luxembourg
Website: https://ic-investors.com/
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The CERATIZIT Group is a global manufacturer of hard material products for wear protection and cutting tools. The company, which is 100% owned by Plansee Holding AG, has its headquarters in Mamer, Luxembourg, and employs over 7,000 people across more than 25 production sites around the world, with a sales network spanning more than 70 branch offices. With its wide range of high-quality products and commitment to innovation, CERATIZIT is well-positioned as a leader in the hard material industry, providing essential tools for a variety of applications in manufacturing and construction.
CERATIZIT’s products range from powders to (semi-)finished tools and coated components based on hard metals, cermets, or technical ceramics, making it one of the world’s largest producers of hard metals. Its products include hard metal rods, reformed blanks for milling and drilling tools, blades, dies and die blanks for metal cutting and punching, nozzles, hobs, and milling rollers, as well as tools for woodworking and stonemasonry.
The company’s commitment to innovation is reflected in its status as a technology leader in the carbide industry, with over 1,000 patents and utility models worldwide, and more than 200 employees working in research and development departments around the globe. As one of the largest manufacturing companies in Luxembourg, CERATIZIT also collaborates with leading universities and research centers around Europe to stay at the forefront of technological advancements in the industry.Founded: 2002
Headquarter: Mamer, Luxembourg
Website: https://www.ceratizit.com/int/en.html