The company says that, in keeping with the name change, it will no longer incorporate the letters MAN in its logo. The logo will only contain the new company name.
It says that the reasons for changing the name and logo are the acquisition of a majority stake by the International Petroleum Investment Company (IPIC) of Abu Dhabi and Ferrostaal subsequently leaving the MAN Group.
The change is effective immediately.
Worldwide, Ferrostaal operates as an independent sales and service partner for machine and systems manufacturers in the automotive, printing and packaging machinery, piping and marine construction sectors and employs around 4,400 people in 60 different countries. In 2008, its annual turnover amounted to E1.6 bn. 70 per cent of the shares in Ferrostaal AG are held by the International Petroleum Investment Company from Abu Dhabi (IPIC), while 30 per cent are owned by MAN AG based in Munich, Germany.
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