Von Roll Holding

Von Roll Holding AG is a Swiss industrial group that operates worldwide, specializing in energy production.

History

Von Roll has its roots in the Eisenwerke der Handelsgesellschaft der Gebrüder Dürholz & Co. (Ironworks of the commercial firm of the Brothers Durholz & Co.) which was established in 1803. This firm was then taken over in 1810 by Von Roll & Cie, newly formed by Ludwig Freiherr von Roll (1771–1839) and Jakob von Glutz. In May 1823, Ludwig von Roll founded the Gesellschaft der Ludwig von Roll'schen Eisenwerke which benefited from industrialization and railroad construction that demanded much iron.

Following this, the business developed into one of the most important industrial groups in Switzerland and reached its high point in the 1970s with more than 10,000 employees. But, like other Swiss companies, Von Roll suffered during the oil crisis of 1973 and the economic crisis it triggered. The company underwent financial restructuring after financial restructuring, seemingly without end. As recently as 2003, Von Roll had to fight for its survival. At the end of 2002, following the accumulated losses of previous years, Von Roll’s equity capital had shrunk to 10.3 million. But in 2004 the company initiated a new strategy to focus on the insulation business, beginning its turnaround.