SHV Holdingsis a privately ownedDutchtrading company, regarded as one of the world's largest private trading groups. SHV is a highly diversified company, with interests intransport,retail,oil,foodandfinancial services.[2][3]It currently employs more than 50,000 people.
Company type | Privately held holding company |
---|---|
Founded | April 1, 1896 |
Headquarters | , |
Area served | Worldwide |
Key people | Jeroen Drost, CEO |
Brands | |
Revenue | EUR16.7 billion (2020)[1] |
EUR469 million (2020))[1] | |
Owner | Fentener van Vlissingen family |
Website | www |
History
edit1896–1939
editOn 1 April 1896, eight Dutch coal wholesalers merged to found theSteenkolen Handels-Vereniging(Coal-trading company), as a response to the formation of the GermanRhenish-Westphalian Coal Syndicate(Rheinisch-Westfälisches Kohlen-Syndikat).[4]By 1904, the company had secured exclusive rights to tradeWestphaliancoal in the Netherlands.[5]Under the guidance of directorFrits "FH" Fentener van Vlissingen,SHV's stature in the Netherlands went from strength to strength. Under his direction, SHV moved its headquarters fromRotterdamto Utrecht, to take advantage of the city's position as the hub of the Dutch railway network. By 1910, SHV had positioned itself as one of the foremost trading forces in the Netherlands.[6]
Thanks to his expertise in the coal trading business, Fentener van Vlissingen was appointed as director of the State Coal Board, which managed coal distribution in the Netherlands during theFirst World War.[6]Although the Netherlands was neutral, the war years were difficult for SHV, as Westphalian coal output was assigned to support the German war effort. Nevertheless, in 1917 SHV established a holding company,Administratiekantoor Unitasto exploit a German anthracite mine. This entity (simply called "Unitas" ) became SHV's first investment arm, providing foundation capital for companies likeKoninklijke HoogovensandKLM.[5]
The 1920s also brought about a major change in the Dutch industrial sector: a slump in fishing led to the consolidation of three major shipping companies[7]and their new energy needs also affected the SHV. In response to these changes, SHV established its firstoil bunker stationand sold crude for the motor vessels of the recently merged shipping companies.[7]The shifts in energy economics in the Netherlands followed changes taking place around the world. In 1914, close to 94% of ships around the world were fuelled by coal; by 1939 this had fallen to 48%. Oil was preferred over coal because it burned more efficiently: in some cases, shipping companies saved up to 40% in operating costs by switching to motor vessels.[clarification needed][8]S.H.V. was directed byDaniel George van Beuningenwho took over from his father.[9][10]
1940–1970
editOn 10 May 1940,Germanyattacked Belgium, France, Luxembourg and the Netherlands. After four days offighting,the Dutch government capitulated and theoccupationof the Netherlands began.
After the war, SHV had to cope with the economic difficulties of a continent in ruins. As coal's importance continued to decrease, SHV expanded its interests in shipping and retail. In 1964, the company established the Makro cash-and-carry stores.
1970–1999
editBy 1995 SHV was the largest trading company in the Netherlands.[4]
2000–present
editIn April 2015, SHV completed the takeover of animal feed manufacturerNutreco[11]
In July 2021, SHV purchasedKiwa,a Dutch testing, inspection and certification (TIC) institution.[12]
Corporate Affairs
editManagement
editJeroen Drost has been the CEO of SHV Holdings since April 2016.
Logo
editThe SHV logo is inspired by the coat of arms of Utrecht, to which SHV moved from Rotterdam under the directorship of FH Fentener van Vlissingen.[6]
Companies owned by SHV Holdings
edit- SHV Energy–Liquefied petroleum gas
- Makro– Food and non-food consumer articles in South America
- Mammoet- Heavy lifting and transport
- ERIKS- A multi-product specialist offering a wide range of mechanical engineering components and technical services to all sections of industry
- Nutreco- Animal nutrition and feed
- NPM Capital- Private equity
- Kiwa- Testing, inspection and certification
- ONE-Dyas- Exploration and production operating company of oil and gas
References
edit- ^abhttps:// shv.nl/sites/default/files/usercontent/1904/SHV%20Annual%20Report%202018%20ENG%20-%20DUN%20no%20cropmarks_reduced.pdf[bare URL PDF]
- ^Gallagher, Paul (28 April 2003). "Rich laird with passion that's priceless".The Scotsman.
- ^Bray, Chad (20 October 2014)."SHV Holdings to Pay $3.4 Billion for Dutch Supplier of Animal Food".New York Times.
- ^abJones, Geoffrey (1998).The Multinational Traders.Routledge.pp. 87–88.ISBN0-415-18002-3.
- ^ab"1896 - 1939 | SHV".Archived fromthe originalon 2017-12-16.Retrieved2015-04-27.
- ^abcF.H. van Vlissingenin inghist
- ^ab"1940 - 1967 | SHV".Archived fromthe originalon 2016-03-04.Retrieved2015-04-28.
- ^Burley, Kevin (1968).British Shipping and Australia 1920-1939.Cambridge University Press.,p. 95
- ^"Le collectionneur hollandais VAN BEUNINGEN MEURT SUBITEMENT".Le Monde.fr(in French). 1955-06-01.Retrieved2023-02-24.
- ^"Ontdek kunstverzamelaar, ondernemer Daniël George van Beuningen".rkd.nl(in Dutch).Retrieved2023-02-24.
- ^"Nutreco to delist from stock exchange as of April 17".26 March 2015.Retrieved2015-04-28.
- ^"SHV welcomes Kiwa as a new Group to the SHV Family of companies".kiwa.Retrieved2023-02-13.