- Business
- SMT Scharf AG develops, manufactures, services, and installs rail-bound transportation equipment and logistics systems for underground mining, tunnel construction, and other industries. The company offers derailment-proof monorails and floor-mounted Duorail vehicles for personnel, materials, and equipment transport; chairlift systems; battery-powered and diesel locomotives; rubber-tired vehicles including loaders, LHDs, underground trucks, scissor lifts, and light electric vehicles; segment cranes, lifting devices, explosive placement devices, drilling and splitting tools, construction site cranes, muckmasters, lift working platforms, cable drives, mini climbers, and climbing locomotives. These products serve coal mining, mineral mining for gold, platinum, copper, nickel, and salt, tunneling, and industrial applications, with operations in Germany, Russia, CIS states, Poland, China, Africa, the United States, and other international markets.
Founded in 1941 and headquartered in Hamm, Germany, SMT Scharf AG operates as a subsidiary of Yankuang Energy Group Company Limited following the Chinese group's acquisition of approximately 52.66% of its shares in March 2024, which strengthened synergies in coal mining and expansion into tunnel logistics.
In recent developments, the company appointed Longjiao Wang as new CEO in May 2025 and Jian Liu as Chairman of the Supervisory Board in July 2025; switched its listing to the Regulated Market of the Frankfurt Stock Exchange and changed its stock ticker to S4A in September 2024; reported significant revenue growth to EUR 70.9 million for the first nine months of 2025, up 48% year-over-year, with raised earnings forecasts; and resumed dividend payments at EUR 0.21 per share approved at the 2025 Annual General Meeting.