History
PAYER began life as a small company, and is now a global player with strong Austrian roots.
A family company
1946: Eduard Payer founds PAYER Lux in Graz, Austria
1952: The company moves to St. Bartholomä, near Graz
1976: Eduard Payer’s son in law, Dr Stross, becomes owner of the company
PAYER goes international
1992: Joint venture, PAYER Kvattro, established in Ajka, Hungary
1995: Philips acquires a minority interest in PAYER
1996: First Ladyshaver launched as the company expands from shaver production into personal care products
1997: Acquires a 100% stake in Payer Kvattro and renames it PAYER Industries Hungary
Changes of ownership
1998: Philips becomes 100% owner
2001: Acquires 100% interest in GEG Elektroprodukte and renames it PAYER Germany
2002: The Malysian company HUI Holding becomes 100% owner
The international company
2003: PAYER Industries China established in Suzhou, China
2005: PAYER Industries China expands from 2,000 to 8,000 square metres of factory space
2005: PAYER Hong Kong established
Diversification
2006: Two new business units created: Personal Care and Industrial Solutions, and Health Care Solutions
2007: New factory opens in Ajka, Hungary
2008: PAYER Industries Ukraine established
2009: Health Care Solutions becomes a separate business unit
2010: Medical technology and skills centre opens in Austria