Danfoss is a Danish multinational company, based in Denmark, with more than 40,043 employees globally. Danfoss was founded in 1933 by engineer

Mads Clausen Mads Clausen (21 October 1905 – 27 August 1966) born in Elsmark, parish of Havnbjerg, municipality of Nordborg in Denmark, was a Danish industrialist and founder of Danfoss in 1933. He died in transit from Elsmark to Sønderborg. He married ...

History

Beginning (1933–1966)

In 1933

(1905–1966) founded ''Dansk Køleautomatik- og Apparatfabrik'', later in 1946 the company name was changed to ''Danfoss''. The first product was an expansion valve for refrigeration units, it was developed after studying imported valves from the US. In 1941, activities expanded to products for heating. The

thermostatic radiator valve A thermostatic radiator valve (TRV) is a self-regulating valve fitted to hot water heating system radiator, to control the temperature of a room by changing the flow of hot water to the radiator. Functioning Conventional wax motor TRV The ...

was invented by Mads Clausen in 1943, later patented, and in 1952 promoted as an energy saving device. In 1945 about 224 people were employed at the first factory built at and around the farm where he grew up. There was no more room for expansion and a new larger factory was planned. In 1962 the company started production of power electronics, the first product was custom-built

rectifier A rectifier is an electrical device that converts alternating current (AC), which periodically reverses direction, to direct current (DC), which flows in only one direction. The reverse operation (converting DC to AC) is performed by an Power ...

s, later in 1968 production of the VLT

Frequency converter A frequency changer or frequency converter is an electronic or electromechanical device that converts alternating current ( AC) of one frequency to alternating current of another frequency. The device may also change the voltage, but if it does, ...

began, the first of its kind in the world.
The company also expanded its activities into hydraulics, the first hydraulic component was produced in the factory in

Nordborg Nordborg (german: Norburg), is a town with a population of 5,709 (1 January 2022),Danish kroner, and the factory had grown to 10,000 m². Mads Clausen kontor

Since 1966

Expansion into other countries started in 1956, when the company started to build a factory in

Flensburg Flensburg (; Danish, Low Saxon: ''Flensborg''; North Frisian: ''Flansborj''; South Jutlandic: ''Flensborre'') is an independent town (''kreisfreie Stadt'') in the north of the German state of Schleswig-Holstein. Flensburg is the centre of the ...

, Germany, which was completed in 1958.

Danfoss Compressors GmbH Danfoss Compressors GmbH was a subsidiary of the Danfoss Group, a Danish manufacturer of valves and fluid-handling products, from 1956 to 2010. It produced hermetic compressors for household appliances and mobile cooling. In 2010, the Dan ...

, Danfoss' former domestic compressor division, was sold in 2010 and renamed

Secop Secop GmbH (formerly known as '' Danfoss Compressors GmbH'') is a manufacturer of hermetic compressors for cooling circuits. Secop designs, develops, manufactures and distributes compressors for two application ranges: light commercial refrige ...

. China is also an important market for Danfoss. In 2013, two new factories were opened on the same day, bringing the number to seven. The Chinese market was the third largest for the company. In 2014, Danfoss purchased Vacon, a VFD drive manufacturer.

Activities

''The Danfoss Group'' manufactures products and provides services used in: * cooling food * air conditioning * heating buildings * variable-frequency drives * gas compressors * powering mobile machinery. Danfoss employs approximately 40,043 people worldwide with its headquarters in

Nordborg Nordborg (german: Norburg), is a town with a population of 5,709 (1 January 2022),Denmark.
In 2002 Danfoss joined the United Nations Global Compact, consisting of nine principles with social and environmental responsibility. ''Bitten og Mads Clausens Fond'' was established as a self-governing institution in 1971 by

Bitten Clausen Dorthea (Bitten) Emma Clausen (born ''Andkjær Hinrichsen'') (20 October 1912 – 7 March 2016) was a Danish factory owner and widow of the founder of Danfoss, Mads Clausen. She was also the mother of Jørgen Mads Clausen. Background, career and d ...

. Today, the foundation is the biggest shareholder in the company.

Controversy

World War II

In 2010, some Danish newspapers reported that Danfoss sold its products to Nazi Germany during World War II. They quoted the book ''Krigens købmænd'' ("Merchants of War") by Christian Jensen, Tomas Kristiansen and Karl Erik Nielsen, who stated that Danfoss sold goods to the occupying forces for 408,850 Danish kroner. According to Ole Daugbjerg from Danfoss, they did not trade directly with the Germans. Later in 2001, it was cleared in the book ''Danfoss under besættelsen'' ("Danfoss during the Occupation") by Ditlev Tamm although other critics have claimed the book might not be neutral because Tamm was paid by Danfoss to perform the investigations.

Cartel

On 7 December 2011 Danfoss was fined 90 million euro for exercising a cartel with Embraco / Whirlpool Corporation, Panasonic,

ACC ACC most often refers to: * Atlantic Coast Conference, an NCAA Division I collegiate athletic conference located in the US *American College of Cardiology, A US-based nonprofit medical association that bestows credentials upon cardiovascular spec ...

and Tecumseh Products. The cooperation was entered with compressors from April 2004 to October 2007. The basis of the fine is the violation of

free competition Free may refer to: Concept * Freedom, having the ability to do something, without having to obey anyone/anything * Freethought, a position that beliefs should be formed only on the basis of logic, reason, and empiricism * Emancipate, to procure ...

to the detriment of consumers. Danfoss was fined 16.5 million Danish kroner in the United States. From October 2004 to 2007, the German subsidiary also entered illegal price agreements with competitors. The case in both the European Commission and the US is related.

References

*https://www.danfoss.com/en/about-danfoss/company/financials/year-in-review/

External links

Danfoss Group website
{{Authority control Pump manufacturers Manufacturing companies of Denmark Companies based in Sønderborg Municipality Manufacturing companies established in 1933 Danish brands Multinational companies headquartered in Denmark Danish companies established in 1933