DMG Mori Seiki Co.
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DMG Mori Co., Ltd. (DMG森精機株式会社, DMG Mori Seiki Kabushiki-gaisha) (formerly Mori Seiki Co., Ltd. and DMG Mori Seiki Co., Ltd.) is a
Japanese Japanese may refer to: * Something from or related to Japan, an island country in East Asia * Japanese language, spoken mainly in Japan * Japanese people, the ethnic group that identifies with Japan through ancestry or culture ** Japanese diaspor ...
company headquartered in
Tokyo Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...
and
Nara City is the capital city of Nara Prefecture, Japan. , Nara has an estimated population of 367,353 according to World Population Review, making it the largest city in Nara Prefecture and sixth-largest in the Kansai region of Honshu. Nara is a Core ...
, engaged primarily in the manufacture and sale of
machine tool A machine tool is a machine for handling or machining metal or other rigid materials, usually by cutting, Boring (manufacturing), boring, grinding (abrasive cutting), grinding, shearing, or other forms of deformations. Machine tools employ some s ...
s."DMG Mori Werkzeugmaschinenbauer bekommt Mehrheit an Ex-Gildemeister-Konzern",
Handelsblatt The ''Handelsblatt'' (literally "commerce paper" in English) is a German-language business newspaper published in Düsseldorf by Handelsblatt Media Group, formerly known as Verlagsgruppe Handelsblatt. History and profile ''Handelsblatt'' was es ...
, April 17, 2015. Retrieved April 27, 2023.
Since its establishment, the business has become the largest machine tool builder in the world.


History

Mori Seiki was founded in 1948 by the three Mori brothers. It originally produced textile machinery, but in 1958, the company entered the machine tool manufacturing industry, and by 1968, it began manufacturing numerical control (NC) lathes. In 2001, grinding machine manufacturer Taiyo Koki joined the DMG Mori Group and in 2002, DMG Mori Co., Ltd. acquired business assets of Hitachi Seiki in Japan. In November 2009, the U.S. headquarters were inaugurated during a four-day event. In the same year, Mori Seiki Co., Ltd. entered into a strategic partnership with Germany's Gildemeister AG, which controlled the brand DMG. As a result, the US operations of both companies were merged into one unit on April 1, 2010. This partnership with Gildemeister AG led to the renaming of the two entities with the same name of DMG Mori in 2013."Ex-Gildemeister zurück auf Rekordkurs",
Handelsblatt The ''Handelsblatt'' (literally "commerce paper" in English) is a German-language business newspaper published in Düsseldorf by Handelsblatt Media Group, formerly known as Verlagsgruppe Handelsblatt. History and profile ''Handelsblatt'' was es ...
, October 29, 2013. Retrieved April 22, 2023.
In 2016, the Japanese company acquired majority shares of the German company. DMG Mori AG, at their AGM of the same year, approved a corporate transfer of the AG's assets to a wholly-owned subsidiary of DMG Mori Co., Ltd., provisionally ''DMG Mori GmbH''. In June 2018, the Tokyo Digital Innovation Center (DIC) was established, along with the opening of a new plant in
Pleszew Pleszew () is a town in central Poland, in Greater Poland Voivodeship, about 90 km southeast of Poznań. It is the capital of Pleszew County. The town's population is 16,811 (2022). The town is claimed to be a 15-minute city. History The ol ...
,
Poland Poland, officially the Republic of Poland, is a country in Central Europe. It extends from the Baltic Sea in the north to the Sudetes and Carpathian Mountains in the south, bordered by Lithuania and Russia to the northeast, Belarus and Ukrai ...
the same year.


Company Structure

DMG Mori Co., Ltd. is directed by President , has a revenue of 3.4 billion Euros and employs 12,626 individuals internationally. The company has a dual headquarters system, with headquarters located in Shiomi, Koto-ku, Tokyo (Global headquarters) and in Nara City,
Nara Prefecture is a Prefectures of Japan, prefecture of Japan located in the Kansai region of Honshu. Nara Prefecture has a population of 1,321,805 and has a geographic area of . Nara Prefecture borders Kyoto Prefecture to the north, Osaka Prefecture to the ...
. The corporate governance structure is that of a Japanese
Kabushiki-gaisha A or ''kabushiki kaisha'', commonly abbreviated K.K. or KK, is a type of defined under the Companies Act of Japan. The term is often translated as "stock company", "joint-stock company" or "stock corporation". The term ''kabushiki gaisha'' in ...
. DMG Mori has a sales, service and engineering network with 16 Production sites and 113 Sales and Services sites in 43 countries and a leading global market share of 10%. The shareholders of the DMG Mori Co., Ltd. are Baillie Gifford & Co. (10.0%), Global Alpha Capital Management Ltd. (7.5%), Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.7%), DMG Mori Seiki Employee Stock Ownership Plan (3.6%), Nomura Asset Management Co., Ltd. (3.2%), Mori Masashiko/Mori Seiki (2.8%), Mori Manufacturing Research & Technology Foundation (2.7%), BlackRock Fund Advisors (2.7%), The Vanguard Group, Inc. (2.1%) and Norges Bank Investment Management (1.6%).


DMG Mori AG

DMG Mori AG, headquartered in
Bielefeld Bielefeld () is a city in the Ostwestfalen-Lippe Region in the north-east of North Rhine-Westphalia, Germany. With a population of 341,755, it is also the most populous city in the administrative region () of Detmold (region), Detmold and the L ...
,
Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...
, is headed by Alfred Geißler as CEO and had revenues of 2,365.7 million Euros in 2022. DMG Mori Co., Ltd., through its subsidiary, holds 87.37 % of the shares in its subsidiary DMG Mori AG. DMG Mori AG has a supervisory board, which holds a higher rank than the executive board. This supervisory board is entrusted with the tasks of appointing directors and approving major business plans and investments.


DMG Mori GmbH

At a 2016 AGM of DMG Mori AG, a profit and loss transfer agreement and a were approved, both with DMG Mori GmbH, a wholly-owned subsidiary of DMG Mori Seiki, as the controlling company. The terms of the agreements will result in any profits being transferred to DMG Mori Seiki and any losses transferred to DMG Mori AG, with DMG Mori Seiki agreeing to compensate any shareholders of DMG Mori AG with an annual payment, with the option of sale of the stocks at a minimum price available to shareholders at request. As of January 2024, the filing deadline for statements of grounds for appeal has passed.


DMG Mori Production sites

DMG Mori has production sites in Japan (Nara Campus, Iga Campus, Taiyo Koki and Magnescale), Germany (
Pfronten Pfronten ( Swabian: ''Pfronte'') is a municipality in the district of Ostallgäu in Bavaria in Germany. Geography Pfronten is one of a total of 45 towns, markets and municipalities in the district of Ostallgäu. Pfronten is located on the n ...
, Seebach, Bielefeld and Stipshausen),
Italy Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land b ...
(
Bergamo Bergamo ( , ; ) is a city in the Alps, alpine Lombardy region of northern Italy, approximately northeast of Milan, and about from the alpine lakes Lake Como, Como and Lake Iseo, Iseo and 70 km (43 mi) from Lake Garda, Garda and Lake ...
and
Tortona Tortona (; , ; ) is a ''comune'' of Piemonte, in the Province of Alessandria, Italy. Tortona is sited on the right bank of the Scrivia between the plain of Spinetta Marengo, Marengo and the foothills of the Ligurian Apennines. Its ''frazione'' of ...
), Poland (Pleszew) and the
USA The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 states and a federal capital district, Washington, D.C. The 48 contiguous ...
( Davis). The sites in Germany are run by the group companies Deckel Maho (Pfronten and Seebach), Gildemeister (Bielefeld) and Sauer (Stipshausen). The group companies Gital (Bergamo) and Graziano (Tortona) manage the sites in Italy and Famot (Pleszew) runs the base in Poland. DMG Mori also has a manufacturing partner in
India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...
, Lakshmi Machine Works Limited. The company also operated a plant in
Ulyanovsk Ulyanovsk,, , known as Simbirsk until 1924, is a types of inhabited localities in Russia, city and the administrative center of Ulyanovsk Oblast, Russia, located on the Volga River east of Moscow. Ulyanovsk has been the only Russian UNESCO Ci ...
,
Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...
. In response to the
Russian invasion of Ukraine On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thou ...
in 2022, DMG Mori claimed to have withdrawn from the Russian market, however, in September 2023, the Russian opposition investigating reporting web-site Agency published an article claiming that the company is continuing its operations in the country. After an internal investigation regarding ongoing production in the Russian facility, the company denied claims that products were delivered to military-related companies. The continued production proceedings were explained through existing binding contracts established prior to the market withdrawal, which still had to be fulfilled to avoid breach of contract claims.


Products and Technologies

DMG Mori produces and distributes machine tools, corresponding products and measuring instruments. The company manufactures numerically controlled (NC) machine tools like high-speed precision lathes, as well as horizontal and vertical machining centers (MCs), among other machine tools designed for diverse functions. It also deals with machining centers, repair and restoration, engineering services and software. The company provides 5-axis and multi-axis machines and automation and digitization solutions. It installed 100,000 machines internationally and builds 8,000 to 10,000 machines a year.


Sports Involvement

DMG Mori has partnered with Red Bull Racing Honda since 2012, and also had a partnership with the Toyota Gazoo Racing World Rally Team. In 2020, the DMG Mori Sailing Team completed the
Vendée Globe --> The Vendée Globe is a single-handed (solo) non-stop, unassisted round the world yacht race. The race was founded by Philippe Jeantot in 1989, and since 1992 has taken place every four years. It is named after the Département of Vendé ...
as the first Asian team with Kojiro Shiraishi as skipper.


References


External links

* {{Authority control Machine tool builders Manufacturing companies based in Nagoya Companies listed on the Tokyo Stock Exchange Manufacturing companies established in 1948 Japanese companies established in 1948 Japanese brands