Latest Ib Andresen Industri News & Updates

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Ib Andresen Industri (IAI)

Steel service center and steel manufacturing company

iai.dk

Headquarters: Langeskov, Denmark
Founded year: 1967
Company type: Private company
Number of employees: 500–1,000
Industry: Iron & Steel

Last updated June 26, 2025

Latest news about Ib Andresen Industri (IAI)

In short: IAI was sold to Wegener, and Frank Wegener became CEO

Company announcements

June 26, 2025 IAI

Ib Andresen Industri ends shortened fiscal year with profit

The result before tax is 43 million kr. for six months in 2024. Revenue is 696 million kr. Changes are due to new accounting period.

May 7, 2025 IAI

Ib Andresen Industri delivers positive result

Realised in 2025 turnover of 909 mio. DKK and result before tax of 28 mio. DKK. Expects in 2026 turnover of 1 mia. DKK and result of 40-70 mio. DKK.

February 3, 2025 IAI

Frank Wegener assumes the role of CEO

Bjørn Thorsen steps down immediately, Brian Skovbjerg and René Radoor by the end of January. The change follows Wegener GmbH's acquisition in 2024.

November 6, 2024 IAI

IAI Holding generated sales of 1.420 million kr

Sales fell to 1.420 million kr. with a profit of 67 million kr. before tax. Transition to new ERP system challenged operations. The company was sold to Wegener Stahlservice GmbH.

Media coverage

March 19, 2023 Jyllands-Posten

Ib Andresen Industri is building at Nyborg Harbour

In Nyborg municipality, which from the new year takes over the obligations on a 40 million kr. loan from the city's crisis-stricken harbour, one breathes a sigh of relief after the metal company...

October 10, 2022 Fyens Stiftstidende

Ib Andresen Industri

Ib Andresen processes steel for companies in Denmark and abroad. It exports about 70 percent. The company has a total of 800 employees, of which 400 work at the headquarters...

November 26, 2014 Børsen

Family drama in Funen steel conglomerate

Tom Andresen, second generation in the Funen steel conglomerate IAI Holding, has surprisingly been kicked out of the board of both the operating company Ib Andresen Industri and the...

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