History
AAOsteel was founded in 1924, but only in 1950 did the company engage in industrial production.
The Group structure with acquisition of companies generating synergies to AAOsteel was created in 2000 and activities and assets have been expanded since then.
Below are some milestones in the history of the AAOsteel Group:
1924: 23 years old Aage Østergaard establishes a silversmith business
1950: Production is diversified towards industrial components
1973: Development and production of sheet metal V-belt pulley
1980: Generational handover, creation of Aage Østergaard Limited and
Aage Østergaards Foundation.
1987: Acquisition of buildings and relocation of spinning activities to separate
transmission department.
1994: Construction of separate sheet metal cutting facility/hall
1997: Construction of additional production space in the transmission department
1998: Development and production of sheet metal Poly-V belt pulley
2000: Acquisition of building and establishment of separate welding department.
Acquisition of advanced facility for combination of cutting and deep drawing
of pulleys.
2004: Expansion of buildings and acquisition of 630t AP&T hydraulic press
2006: Construction of new administration building
2007: Construction of new buildings of 6.000m2
2012: Implementation of new corporate identity AAOsteel