Schott AG

Schott AG Overview

Company Headquarters: Mainz, Germany

Founded: 1884

Workforce: ~15,347

Company Working: SCHOTT AG (SCHOTT) is engaged in the manufacturing of glass products. It operates through three segments, namely precision materials, optical industries, and home appliances. The company offers a wide range of products such as glass-ceramic cooktops, solar power modules, glass metal enclosures, and colour filters. It serves the home appliance, pharma, electronics, optics, life sciences, automotive, and aerospace industries. The company has production sites and sales offices in 34 countries globally. SCHOTT AG is solely owned by Carl Zeiss Foundation. It invested USD 95.12 million in research and development from 2017 to 2018.

Strategy

SCHOTT is focusing on the development of thinners, glasses of high strength, and new materials as well as optimization of processes and materials for future markets such as mobility, healthcare, communication, and resource-conserving energy use. The company plans to do this by adopting highly specialized R&D core competencies focused on expanding the new dimensions of digitization and artificial intelligence.

Company Snapshot

$2,231M

Revenue

15,347

Employees

1884

Founded

Mainz, Germany

Headquarters

SWOT Analysis

Strengths

Established market position
3,128 patents in financial year 2017/18
High investment of USD 5.44 million in R&D

Weaknesses

Liabilities of around USD 17 million in 2018

Opportunities

Growing augmented reality market

Threats

Changes in tax policies in individual countries

Key Developments

Date	Approach	Development
March 2019	Product Launch	SCHOTT launched ROBAX Magic in North America. The product finds application in gas fireplaces to create visual effects, amplify the flames, and give the depth illusion in the firebox.
January 2017	Product Development	SCHOTT was awarded a contract for manufacturing European Extremely Large Telescope (E-ELT) mirror substrates for the secondary (M2) and tertiary mirrors (M3). The E-ELT has been built on the Chilean mountain Cerro Armazones.

Product Offering

Schott AG
- Coatings and Tinted Panels
- Fire Rated Glass
- Advanced Optics
- Architecture

Financial Performance

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