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