COIN PRESS MAKER SCHULER TURNS 175

It’s Schuler’s birthday: the internationally successful press manufacturer is celebrating its 175th year in business in 2014. Louis Schuler founded the company in 1839 as a metalworking shop in Göppingen’s Sauerbrunnengasse. Nobody at the time would have thought that the little workshop would one day become a global corporation with sales of almost € 1.2 billion.

‘There have been many milestones in Schuler’s success over the past 175 years,’ says CEO Stefan Klebert, ‘and very few companies in Germany can look back on such a long and successful history.’ A 175th company anniversary is rare: not even half of all German companies reach their 10th anniversary. To mark the occasion, Schuler’s celebrations will therefore include a central event for employees at its base in Göppingen, Germany, to be held in July. In addition, a special website presents 175 minor and major moments which have shaped Schuler over the years.

These include, for example, the moment in 1852 when founder Louis Schuler – inspired by the Great Exhibition in London one year previously – decided to dedicate his future to the construction of machines for sheet metal processing. The Industrial Age for minting technology began only about 1870. Motor-driven knuckle-joint presses replaced the strenuous manual labor of the previous age.

Schuler was already delivering presses to mints in these early days. This is evidenced by several historical documents, including a letter from the Royal Württemberg Mint dated 1874.

1895 Schuler Sample coin for China National Mint

At the turn of the century, Schuler knuckle-joint presses were producing coins at rates up to 60 per minute – a remarkable achievement then. A 1905 report by the Mint and Foundry Masters of Saxony, Buschick and Choulant, mentions a visit to Schuler and 30 presses destined for China

Until the early 1980s, the company delivered more than 1,000 minting presses with various improvements and new features to about 50 countries. A number of presses from this era are still in use today. With the development of the MRH / MRV series of minting presses, a new epoch of minting technology dawned in the 1980s.

Schuler coin presses at the Mexico National Mint

To read the complete article, see: Schuler celebrates 175th anniversary (www.coinsweekly.com/en/News/4?&id=2850)

To read an earlier CoinsWeekly article on Schuler, see: Coin minting presses for the entire world (www.coinsweekly.com/en/Coin-minting-presses-for-the-entire-world/4?&id=2257)

Wayne Homren, Editor

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