Kynast Steel GmbH Deutschland (Germany)

Business overview

Our company is a manufacturer of welded precision steel tubes in accordance with DIN EN 10305-3 and supplies its customers with various cross sections having a diameter of between 13 and 63 mm. We also produce tubes for heating and cooling equipment and can boast with long lasting customer relationships. Our business emerged from a company producing bicycle frames for the formerly largest bicycle factory in Europe. Because of unavoidable changes in the company structure, we too have had to adapt. We gained independence from our parent company and expanded our range of products. Today, highly motivated employees work with the help of three automated tube-welding machines to fulfil customer demands with flexibility, the highest quality and punctuality. In addition to the tube-welding machines, Kynast Steel has an automated slitting line, levelling machines and saw mills in its production area. Our staff will gladly respond to all of your enquiries regarding our products and services. History : 1946: Otto Kynast founds a hardware and household goods store in Badbergen 1950: After the invention of the frame air pump, Otto Kynast gets involved in the production of bicycles. 1963: The 500, 000th bicycle is built. In the tube manufacturing section, tubes are not only produced for bicycle frames, but also for a new business sector specializing in producing leisure and camping furniture. 1966: 1, 000, 000 bicycles built. The tube manufacturing section begins trading independently under the name of Europa Stahlrohr GmbH & Co. KG and principally supplies its parent company. 1985: : In the parent company, now trading under the name of Otto Kynast GmbH & Co. KG, the 16, 000, 000th bicycle is built. One quarter of Europa Stahlrohr's production is delivered to external companies. 1992: Transformation of Otto Kynast GmbH & Co. KG and Europa Stahlrohr GmbH & Co. KG into Kynast AG. The tube manufacturing section delivers more and more to customers from the automobile, furniture, and radiator industries. 1998: Production of steel tubes for the bicycle industry is shut down after substantial changes to market structures caused by the fact that the prices for imported bicycle frames from Asia cannot be competed with. The steel tube section is now solely a supplier for the manufacturing industry and delivers more than 90% of its products to external companies. 1999: Kynast AG has to declare insolvency. Production in the steel tube sector continues. 2000: The insolvency administrator sells the essential parts of the company to financial investors, and the new Kynast GmbH is born. Production of bicycles, leisure furniture, lawn mowers, and steel tubes remains in Quakenbr?ck. 2002: The steel tube section is split off into the newly founded Kynast-Steel GmbH. Separation from the parent company is initiated. However, the parent company continues to hold 100% of the shares of the business. 2003: Due to a liquidity gap, the parent company again declares insolvency. Because of the continuing close relationship to the parent company, insolvency also has to be declared for Kynast Steel GmbH on 16th July 2003. After a mere five days of stopped production, work is able to be resumed thanks to the temporary insolvency administrator. The employees, suppliers, and customers all remain loyal to the temporary insolvency administrator's intentions for continuing production. 1st October 2003: Insolvency proceedings are opened. The company continues to function smoothly. The administrator and the works council agree on a social compensation plan and a reconciliation of interests. On 7th November 2003, the creditors' meeting approves the insolvency administrator's plan for continuing the business. 2004: Kynast Steel GmbH i.I. (in insolvency) expands the production program and increases the net product. It is already possible to invest in a new computer system and in new machines. All points of the plan are fulfilled. Long-term contracts can be concluded and the capacities are being used to their fullest.



Industry Building Material
Business Type Manufacturer
Firm Type Proprietorship
Expand Level National

Products & Services

We are Manufacturers of Welded Precision Steel Tubes Products.

Contact Details

Kynast Steel GmbH

Quakenbruck,
Deutschland
Deutschland, 49610 () - (Germany)



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