Profile

Salzgitter Maschinenbau AG (SMAG) leads the world in manufacturing grabs for international seagoing cargo handling. Based in Salzgitter, Germany, the engineering company has specialised in developing, manufacturing and servicing lifting equipment specifically designed for loading and unloading bulk cargo such as sand, gravel, coal, or refuse, wood and agricultural commodities. Operating under the PEINER brand name known to the world market, SMAG sells motor, hydraulic and rope grabs as well as spreaders for lifting containers as well as slewing units.

This worldwide position on the market is the result of strong problem-solving capabilities, superior products that have set standards in the industry, a powerful global sales force, and complete worldwide service.

SMAG applies its capability in metal and heavy steel construction in combination with hydraulics and electrical engineering for manufacturing cabs under the matec brand name, as well as mobile antenna masts and mobile mining equipment. The Group's customers include shipyards, dockside cargo-handling companies, mobile crane and equipment manufacturers as well as specialist vehicle companies, European armed forces and the salt and potash mining industries.

SMAG currently employs a staff totalling around nine hundred at its Salzgitter-Bad, Dübeln and Shanghai locations. The 2006/2007 financial year that ended on September 30, 2007, saw a company turnover figure of around €100 million.