{"id":1236,"date":"2016-06-21T00:58:34","date_gmt":"2016-06-20T22:58:34","guid":{"rendered":"http:\/\/gino.xtek.hosting\/?page_id=1236"},"modified":"2022-11-30T11:04:13","modified_gmt":"2022-11-30T10:04:13","slug":"history","status":"publish","type":"page","link":"https:\/\/gino-ag.xtek.site\/en\/company\/history\/","title":{"rendered":"History"},"content":{"rendered":"

In 2017<\/strong>\u00a0both GINO AG and Telema Holding will acquire further shares in SGT (Shanghai GINO Telema Resistors Comp. Ltd.), a JV company founded in 2003, through the withdrawal of a shareholder. By increasing the concentration of interests, GINO and Telema are gaining more influence in the constantly growing Chinese business. SGT has been operating successfully in the 15th year since its foundation with industrial and railway resistors.<\/p>\n

July 2015<\/strong> GINO AG is now represented only by one member of the Executive Board, Dipl. Ing. Michael Hahn, Rheinbach.<\/p>\n

In 2013<\/strong>\u00a0GINO AG establishes together with Telema Holding a JV company (joint venture) in Russia. With 25 % GINO AG is now also represented in this large country with its own production facilities. The JV is located about 1000 km southeast of Moscow in the Oblast Penza. The OOO PZTG (Penza Zavod Telema GINO) covers with its existing know-how and the new possibilities to manufacture products of GINO AG and Telema almost all application areas in the industrial and railway technology with power resistors.<\/p>\n

May 2010<\/strong> the shareholder Telema Holding S.r.l. Milan\/Italy takes over all shares of GINO GmbH, Bonn from GIBG (\u201cGielen Beteiligungsgesellschaft\u201d) and HIBG (\u201cHahn Industriebeteiligungsgesellschaft, mbH\u201d), who previously held 33.3% each.
The legal form of GINO GmbH changes to GINO AG (\u201cAktiengesellschaft\u201d). The previous managing partners Dipl. Kfm. Jakob Gielen and Dipl. Ing. Michael Hahn are appointed to the Executive Board of GINO AG.<\/p>\n

\"GINOIn March 2003<\/strong>, a subsidiary was set up in Shanghai, China for the production and sales of industrial and train resistors. SGT Shanghai GINO Telema Resistor Comp. Ltd. started operations on 1 August 2003. <\/p>\n

\"GINOIn early summer 2002<\/strong>, the company group was restructured and ownership reorganized. With the taking on of a new partner, the former ESE, now Gielen Beteiligungsgesellschaft mbH, Hahn Industriebeteiligungsgesellschaft and Telema s.p.a now each hold 1\/3 of the shares. <\/p>\n

\"GINOEffective in fiscal 1995<\/strong>, the business division \u201cResistors and sheet metal forming\" was spun off from ESE and transferred to GINO AG. With this move, GINO started to manufacture resistors at both locations in Bonn and Eisenach. <\/p>\n

\"ESEIn the fiscal year 1991<\/strong>, the partners of GINO AG acquire 100% of the shares in VEB Elektroschaltger\u00e4te Eisenach ESE and transform this company into ESE Elektroschaltger\u00e4te Eisenach GmbH. From the beginning, GINO takes charge of the marketing and sales of the steel grid resistors manufactured by ESE. <\/p>\n

\"GINO1977<\/strong> marked the year of the founding of GINO Gielen + Nothnagel GmbH with a nominal capital of DM 400,000. Sales in the first year of business came in at DM 1.8 million. After its founding, the company\u2019s acquired the activities of the resistor manufacturer C. Wiemann, who had been manufacturing resistors of all types for 60 years under the name of C. Wiemann Elektrotechnische Fabrik.<\/p>\n<\/div><\/div><\/div>