Who owns Renk AG?
Who owns Renk AG?
The German MAN Group owns a 76 percent share of RENK AG. Johann Julius Renk, the founder of RENK AG, was born on April 1, 1848. While a young man he worked as an apprentice at the machine-building factory Maschinenfabrik Augsburg.
What happened to Renk?
A decade later RENK entered a period of reorganization. The market for marine and industrial gear transmissions had changed. Industrial construction was not flourishing as much as it had during the reconstruction and economic boom years. Ship building as an industry had migrated to Asia.
What did Renk invent in 1943?
In 1943 RENK engineers invented the principle of hydrostatic superimposition steering systems for tanks. In the three decades after World War II, the cogwheel remained one of the most important and most difficult elements in machine building. RENK’s smallest cogwheel weighed only half a kilogram, while its heaviest weighed 35 tons.